Securities Commission bids to stop Whimp share transfer
The Securities Commission has applied for a court order to prevent partnerships associated with Bernard Whimp from transferring shares from investors who accepted his low-ball offers.
The Securities Commission has applied for a court order to prevent partnerships associated with Bernard Whimp from transferring shares from investors who accepted his low-ball offers.
Some Christchurch suburbs will be left as virtual residential wastelands, while townships on the city's fringe are bracing for an influx of new residents.
Property developer Nigel McKenna, facing bankruptcy over an $880,000 debt, has put forward a $150m creditors proposal although he could owe as much as $260m.
Nathans Finance directors were blinded by their ambition for parent company VTL, a vending machine business, to the extreme detriment of the subsidiary's Kiwi investors, the High Court heard yesterday.
They're our corporate doctors. But do receivers and liquidators deliver the right medicine, or just bleed the patient dry? Karyn Scherer reports.
A TrustPower investor is warning other shareholders to beware of an unsolicited share offer with a twist.
NZ fund managers rated the most stink in the world by Morningstar.
John Hepburn raises valid points on the Hotchin debacle and media coverage of it.
Australia's The Trust Company Ltd has completed its $42 million acquisition of The New Zealand Guardian Trust Co from Brisbane-based life insurer, Suncorp-Metway.
New Zealand continues to rate poorly for investors in managed funds, according to a global study conducted by investment research company Morningstar.
Middle East tension poses a threat to the delicate global recovery.
A critical ingredient of New Zealand's mysteriously exciting 'financial hub' project is being secretly prepared by the IRD this month.