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St Laurence

Receivers estimate of St Laurence distributions

Receivers estimate of St Laurence distributions
Wellington, June 29 NZPA - Receivers of Wellington-based property and finance company St Laurence and six subsidiaries have told secured debenture holders they can expect a distribution of between 15c and 22c in the dollar over the next 18 months.

National Property Trust signals implications of budget moves

National Property Trust signals implications of budget moves
Wellington, May 25 NZPA - National Property Trust said changes in the Government's budget will reduce its cash distributions by approximately 5.3 percent.

St Laurence board disappointed at receivership

St Laurence board disappointed at receivership
Wellington, April 30 NZPA - A dispute between the board of finance company St Laurence and its trustee received another instalment today, following yesterday's move by trustee Perpetual Trust to put the company into receivership.

Receivers take over at St Laurence

Receivers take over at St Laurence
Wellington, April 29 NZPA - Another finance company has collapsed with Perpetual Trust today appointing Barry Jordan and David Vance of Deloitte as receivers of St Laurence to protect the interests of 9000 investors owed $245 million.

Dorchester Repayment Plan Passed

Dorchester Repayment Plan Passed
Wellington, Dec 17 NZPA - Dorchester Pacific has got repayment plans for its finance company through meetings of note and debenture holders in Auckland today.

St Laurence Meeting Approves Restructuring

St Laurence Meeting Approves Restructuring
Wellington, Dec 5 NZPA - St Laurence Ltd has got its recapitalisation plan through investor meetings held in Wellington.

Dorchester Pacific Half Year Net Loss $35m

Dorchester Pacific Half Year Net Loss $35m
Wellington, Dec 1 NZPA - Dorchester Pacific has plunged to a half year net loss of $35 million, as it wrote down its investment in St Laurence and increased provisioning.

Dorchester Pacific Plan Outlined

Dorchester Pacific Plan Outlined
Wellington, Nov 26 NZPA - Dorchester Finance investors will get 12 payments of principal with the first before Christmas, under deferred repayment plan detailed today.

St Laurence And Dorchester Hope For Pre-Christmas Investor Votes

St Laurence And Dorchester Hope For Pre-Christmas Investor Votes
Wellington, Nov 11 NZPA - St Laurence and Dorchester Finance are hoping investors approve plans next month that they say are better than receivership.

Lessons In Finance Company Debacle For Former Boss

By Pam Graham of NZPA Wellington, Sept 4 NZPA - The losers in the meltdown of the finance company sector have not just been so-called mum and dad investors.

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