Wellington, Sept 2 NZPA - Torchlight Fund may have invested in South Canterbury Finance (SCF) hoping for a receivership to put itself at the table for the sorting out process, according to an investor in Pyne Gould Corp (PGC).

Wellington, Sept 1 NZPA - The focus turned today to who will buy the assets of South Canterbury Finance and the unintended consequences of the Retail Deposit Guarantee Scheme.

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.

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.

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.

Wellington, May 20 NZPA - Torchlight Fund No 1 LP, the Pyne Gould Corporation-owned property funds manager, has confirmed it will invest another $15.5 million in South Canterbury Finance.

By Pam Graham of NZPA Wellington, April 22 NZPA - South Canterbury Finance is a one-year gig for change manager Sandy Maier who is not ruling anything in or out as he works to restore confidence in a finance company he admits could have collapsed.

Wellington, March 31 NZPA - South Canterbury Finance is getting $22 million of new equity from Torchlight Fund No. 1 LP, a company associated with Pyne Gould Corp. This takes the amount of money injected into the finance company since December to more than $200m.

Wellington, Jan 11 NZPA - A public listing of the extensive South Island business interests of Timaru-based businessman Allan Hubbard is among the options being considered as a follow up to a successful private placement of convertible notes announced today that raised $27.5 million.

Wellington Oct 30 NZPA - In the wake of its massive capital raising, Pyne Gould Corp has signalled a boardroom shake up.