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Allan Hubbard

Future of South Canterbury Finance to be known next week

Future of South Canterbury Finance to be known next week
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.

Hubbard felt "ambushed" by report

Hubbard felt "ambushed" by report
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.

Future of South Canterbury Finance to be known next week

Future of South Canterbury Finance to be known next week
Wellington, Aug 27 NZPA - The future of South Canterbury Finance should soon be clarified after a trading halt was placed on the finance company's securities today, ahead of an announcement expected early next week.

Hubbard supporters express disbelief at report

Hubbard supporters express disbelief at report
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.

Statutory managers confirm shortfall in Hubbard Funds

Statutory managers confirm shortfall in Hubbard Funds
Wellington, Aug 27 NZPA - About 300 investors in Hubbard Management Funds (HMF) were told by statutory managers today that the company overstated its value by at least 25 percent on March 31, reporting non-existent investments and cash balances.

SFO lays charges against Five Star Four

SFO lays charges against Five Star Four
Wellington, Aug 25 NZPA - The Serious Fraud Office (SFO) said it has laid over 100 charges under the Crimes Act against Nicholas Kirk, Marcus MacDonald, Anthony Bowden and Neill Williams who are associated with the collapsed Five Star Finance Group.

Hubbard investors write to Power to end intervention

Hubbard investors write to Power to end intervention
Wellington, Aug 24 NZPA - A group of 71 investors have written to Commerce Minister Simon Power asking him to terminate the statutory management of entities associated with Timaru businessman Allan Hubbard and his wife Jean.

South Canterbury Finance credit rating lowered again

South Canterbury Finance credit rating lowered again
Wellington, Aug 20 NZPA - South Canterbury Finance's credit rating has been lowered for the second time in two months as the company's cash position continues to worsen.

Investors call for action against regulators in Hubbard case

Investors call for action against regulators in Hubbard case
Timaru, Aug 6 NZPA - A meeting of about 200 investors in Timaru today called for the heads of regulators over their handling of matters relating to local businessman Allan Hubbard.

Investor group to hold meeting in Timaru to discuss Hubbard

Investor group to hold meeting in Timaru to discuss Hubbard
Wellington, July 30 NZPA - The Exposing Unacceptable Financial Activities (Eufa) group is holding a public meeting in Timaru next Friday to discuss issues surrounding the statutory management of Timaru businessman Allan Hubbard.

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