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Receivers Expect Complete Loss On Bridgecorp's Momi Loan

Receivers Expect Complete Loss On Bridgecorp's Momi Loan
Wellington, Jan 7 NZPA - Receivers of failed finance company Bridgecorp are expecting a "complete loss" on the company's loan exposure of more than $100 million on the Momi Resort development in Fiji.

No Law Breach Found In Allied Farmers Share Trading

Wellington, Dec 17 NZPA - The Securities Commission has found no securities law breach in high trading of Allied Farmers shares last week.

NZX Main Index Slips In Mixed Trading

NZX Main Index Slips In Mixed Trading
Wellington, Dec 11 NZPA - Allied Farmers shares closed steady at 20c despite the Securities Commission's decision to seek more information on unusual trading of a parcel of those shares in which the price fell 8c to 20c yesterday when only 125,000 shares changed hands in two lots.

Allied Farmers Share Trade Referred To Regulator

Allied Farmers Share Trade Referred To Regulator
Wellington, Dec 11 NZPA - Stock exchange operator NZX has referred what it called "unusual" trading in Allied Farmers shares yesterday to the Securities Commission for urgent inquiry under the commission's statutory powers.

Allied Farmers Unaware Who Bought Parcel Of Shares

Allied Farmers Unaware Who Bought Parcel Of Shares
Wellington, Dec 11 NZPA - Allied Farmers board says it is unaware of the buyer or seller of a large parcel of its shares yesterday, when the price of the stock fell 8c to 20c.

Finance Company Director To Blame For Collapses - Professor

By Maggie Tait of NZPA Wellington, Nov 19 NZPA - Directors of failed finance companies should be held accountable for their actions, a parliamentary inquiry into finance company collapses was told today.

Two Men Face Charges For Failed Finance Company Operations

Wellington, Oct 23 NZPA - The Serious Fraud Office has laid charges against two men at Auckland District Court for their roles in a failed motor vehicle finance company.

Court Slams Director's `Commercial Irresponsibility'

Wellington, Sept 28 NZPA - Queenstown developer Rod Nielsen's business practices should be restricted and he must bear responsibility for commercial irresponsibility, says the High Court.

Finance Company Victims Still Want Royal Commission Of Inquiry

Wellington, Sept 10 NZPA - Investors who lost money in failed finance companies still want a Royal Commission of Inquiry, even though Parliament's commerce select committee has launched its own investigation.

Bridgecorp Investors Lose $106m More As Fiji Takes Over Momi Bay

Bridgecorp Investors Lose $106m More As Fiji Takes Over Momi Bay
Wellington, June 5 NZPA - The Fiji National Provident Fund is taking over the Momi Bay resort project in an attempt to claw back its $F80 million ($NZ61.3m) investment.

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