Wellington, Aug 27 NZPA - The future of ailing finance company South Canterbury Finance (SCF), placed in a trading halt today, may be decided on Monday, with two investment offers understood to be on the table.

Wellington, Aug 27 NZPA - Timaru businessman Allan Hubbard says he feels ambushed by the statutory managers of his businesses, and disappointed not to have had a chance to review a report showing a significant shortfall in one of the managed funds.

Wellington, Aug 27 NZPA - Supporters of Timaru businessman Allan Hubbard expressed disbelief today at a second report by statutory managers which predicted a slow return of capital for investors in one business and a shortfall of at least 25 percent in another.

Wellington, July 2 NZPA - South Canterbury Finance has received $1.04 million as a result of Mercer Group Ltd shifting debt owed to South Canterbury Finance to Gresham Finance Ltd, a company associated with Christchurch-based businessman Humphry Rolleston.

Wellington, June 1 NZPA - South Canterbury Finance has made some progress in its bid to attract reinvestment ahead of a potential funding crunch. The finance company is also continuing to work to get consents needed to put into place a $37.5 million equity injection.

Wellington, Feb 26 NZPA - South Canterbury Finance is paying off the last of a $US100 million dollar private placement facility ahead of schedule, and is also reporting an inflow of funds gathering momentum in January and this month.

Wellington, Nov 26 NZPA - South Canterbury Finance Ltd chief executive Lachie McLeod is leaving the finance company, shareholders were told at the annual meeting in Timaru today.

Wellington, Oct 30 NZPA - South Canterbury Finance Ltd (SCF), which has signalled a period of succession planning, today named three new independent directors to its board. They are Bill Baylis, Stuart McLauchlan and Denham Shale.

Wellington, Oct 20 NZPA - South Canterbury Finance (SCF) has registered a new prospectus and is reiterating that it intends to apply to participate in the extended crown deposit guarantee scheme.

Wellington, Oct 15 NZPA - South Canterbury Finance said it will repay its $US100 ($NZ135) million private placement facility over 5.5 months.