Rates Round Up
Monday, 17 May 2010
Receiver says Capital + Merchant Business Investments in queue for cash
Colin McCloy of PricewaterhouseCoopers, the receiver for Capital + Merchant Business Investments, has told investors any further payments are reliant on legal action.
Investors were paid 9 cents in the dollar last December of the $1.8 million owed, and McCloy said then that he did not expect any more distributions to be made.
Two loans are still outstanding, and McCloy said he had lodged an application with parent company Capital + Merchant Group's liquidator, Grant Burns and Maurice Noone of PwC.
"For the remaining two loans in arrears, recovery will be difficult, however, we will consider all available enforcement action options and take any actions that we consider will provide an increased recovery to secured debenture investors," McCloy said in his report.
Commenting is closed
Find a Rate
11 January 2017
21 November 2016
12 November 2016
10 November 2016
7 November 2016
Cash PIE Rates
Weekly Updates including news and commentary
Disclaimer - Every possible effort has been made to keep the information in the tables and on this site as accurate as possible, however, neither the publisher, Tarawera Publishing, nor anyone engaged to compile the rates and this site accept any liability for inaccuracies or any loss suffered as a result. It is strongly advised that readers check loan details with providers. The full terms and conditions of this site can be found here.
© Copyright 1997-2017. Tarawera Publishing Ltd. All Rights Reserved.