C+M payout inches closer

Wednesday, August 5th 2015, 5:47PM

Capital + Merchant receivers are closer to making a distribution to investors.

KordaMentha has reached a settlement with first-ranking creditors.

They received $10.3 million from a $18.5 million settlement between Capital + Merchant’s liquidator and its auditor, BDO Spicers.

KordaMentha said it expected to be able to write to all debenture holders within the next month.

Tags: finance companies

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