tmmonline.nz  |   landlords.co.nz        About Good Returns  |  Advertise  |  Contact Us  |  Terms & Conditions  |  RSS Feeds

NZ's Financial Adviser News Centre

GR Logo
Last Article Uploaded: Monday, June 16th, 6:23PM

Investments

rss
Latest Headlines

First finance company to emerge from receivership

The receivers of Propertyfinance Securities have been retired following a successful restructure of the finance company.

Friday, February 8th 2008, 4:34PM
Propertyfinance securities is the principal subsidiary of Propertyfinance Group.

"After the initial shock and disappointment of the need for receivership to protect our stakeholders, we are pleased to have established a base from which to move forward proactively," PFG chairman Barney Sundstrum, said.

The company's short-term plans remain focussed on a reestablishment period post the restructure and making the first distribution to debenture holders.

The company is planning to make the first payment to debenture stockholders February 20.

« Council to issue up to $200 mill in bonds[Opinion] View From a Finance Company »

Special Offers

Commenting is closed

 

print

Printable version  

print

Email to a friend
Today's Best Bank Rates
Rabobank 5.25  
Based on a $50,000 deposit
More Rates »
News Bites
Latest Comments
  • Generate funds new home loan business
    “What is the obsession with NZ based Fund Managers finding some way in which to expose their KS members money to the NZ property...”
    4 days ago by Ponderer
  • FMA tells commerce minister CoFI is essential
    “It would appear the Dosh relationship is demonstrating the valid perversion of the advice rules. If its scoped and accepted...”
    4 days ago by JPHale
  • Generate funds new home loan business
    “Great news Generate. The so-called pillars of the community, mainly Australian banks, are milking New Zealand citizens. I’m...”
    6 days ago by John Milner
  • Fisher Funds set to be biggest KiwiSaver PE player
    “Obviously not reading the same stuff I am https://www.wsj.com/finance/investing/moodys-sounds-alarm-on-private-funds-for-individuals-8cd268c5?st=JFR7tp&reflink=desktopwebshare_permalink https://blogs...”
    6 days ago by P Urbani
  • Familiar names take top ethical investing awards
    “At a time when investment advice demands more than surface-level understanding, Carey Church and the Moneyworks team continue...”
    8 days ago by Pragmatic
Subscribe Now

Deposit Rates newsletter

Previous News

MORE NEWS»

Most Commented On
About Us  |  Advertise  |  Contact Us  |  Terms & Conditions  |  Privacy Policy  |  RSS Feeds  |  Letters  |  Archive  |  Toolbox  |  Disclaimer
 
Site by Web Developer and eyelovedesign.com