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Allan Hubbard

SFO confirms Aorangi Securities investigation

SFO confirms Aorangi Securities investigation
Wellington, June 22 NZPA - The Serious Fraud Office says it has visited the offices of Aorangi Securities in Timaru in response to concerns raised by the Registrar of Companies.

South Canterbury Finance changes prospectus

South Canterbury Finance changes prospectus
Wellington, June 21 NZPA - South Canterbury Finance, the finance company owned by a company associated with Allan Hubbard, has stopped accepting deposits temporarily while it amends its investment statement and prospectus.

Hubbard thought to be SI's wealthiest man

Hubbard thought to be SI's wealthiest man
Wellington, June 21 NZPA - Allan Hubbard, who was placed into statutory management yesterday, has shied away from publicity throughout his long life but is thought to be the South Island's wealthiest man.

South Canterbury not affected by statutory management of Hubbard

South Canterbury not affected by statutory management of Hubbard
By Kate Chapman of NZPA

Hubbards in statutory management

By Kate Chapman of NZPA Wellington, June 20 NZPA - Unsecured and undocumented loans by Aorangi Securities have resulted in it and its owners, South Canterbury millionaire financier Allan Hubbard and his wife, Margaret, being placed under statutory management.

SFO to investigate Hubbards

SFO to investigate Hubbards
Wellington, June 20 NZPA - South Canterbury millionaire financier Allan Hubbard and his wife, Margaret, are being investigated by the Serious Fraud Office (SFO), Commerce Minister Simon Power announced today.

South Canterbury gets funding but not equity from Torchlight

South Canterbury gets funding but not equity from Torchlight
Wellington, June 4 NZPA - South Canterbury Finance said Torchlight Fund No 1 LP, a fund associated with businessman George Kerr, is no longer investing equity but is increasing a funding facility to South Canterbury Finance by $25 million to $100m.

SCF long-term rating cut, Hubbard moves to president

SCF long-term rating cut, Hubbard moves to president
Wellington, May 28 NZPA - South Canterbury Finance has had its long term credit rating downgraded by two notches to B plus by Standard & Poor's but it remains covered by the Government's extended retail deposit guarantee scheme.

South Canterbury Finance registers new prospectus

South Canterbury Finance registers new prospectus
Wellington, April 12 NZPA - South Canterbury Finance is getting "back in the market" with a new prospectus registered today after increasing the size of its reported interim loss.

Hubbard Bolsters South Canterbury Finance

Wellington, March 1 NZPA - Timaru-based businessman Allan Hubbard is strengthening South Canterbury Finance by putting his family company's shareholdings in Helicopter (NZ) Ltd and Scales Corp Ltd into the lender.

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