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Apple Fields Share Trading Suspended

Wellington, Jan 12 NZPA - Trading in shares of property developer Apple Fields has been suspended, after the company failed to provide a copy of its annual report to stock exchange operator NZX.

Australians Laundered Millions Through NZ Accounts

Wellington, July 14 NZPA - Two Australian entrepreneurs who laundered millions of dollars through New Zealand banks are to pay the Australian Tax Office over $NZ40 million in tax and penalties.

High Court Awards Hanover $2.8m Interest On Krukziener Debt

High Court Awards Hanover $2.8m Interest On Krukziener Debt
Wellington, Feb 17 NZPA - Auckland property developer Andrew Krukziener lost $2.8 million in 10 minutes in the High Court at Auckland this morning.

Fletcher Building Raises $131m In Capital Notes

Fletcher Building Raises $131m In Capital Notes
Wellington, Feb 10 NZPA - Fletcher Building Finance says it has raised $131.3 million in a capital notes offer, including over subscriptions of NZ$31.3m. The group was extremely pleased with the outcome , said chief financial officer Bill Roest.

HBOS Loaned About $3b To NZ Businesses

Wellington, Sept 19 NZPA - British bank HBOS, which became another casualty of the credit crisis, has loaned about $3 billion to New Zealand businesses. Struggling HBOS is Britain's biggest mortgage lender and the owner of banks including Halifax and Bank of Scotland.

Blue Chip Wrangle Before High Court

Wellington, Sept 3 NZPA - Interests of property developer Greenstone Group were before the High Court yesterday, in the company's wrangle with 49 Blue Chip investors who are refusing to settle on around 60 apartments in a central Auckland block.

Todd Capital Buys Remainder Of Landco From Olliver Interests

Wellington, July 17 NZPA - Todd Capital has bought the rest of Landco after the company holding the remaining 50.5 percent, associated with Auckland property developer Greg Olliver, was placed in receivership.

Appeal Court Upholds Decision On Property Developer's Debt

Wellington, June 27 NZPA - The Court of Appeal has upheld a High Court ruling that property developer Andrew Krukziener must repay Hanover finance company more than $4 million, The New Zealand Herald reported.

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