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Investment company Cynotech Holdings has decided not to pay a dividend declared at the time of its interim result.

The directors thought there would be no improvement in the finance company sector at least to the end of the next calendar year, the company said yesterday.

With its finance activities, Cynotech has interests in temporary seating, satellite phones and ice cream cone manufacturing.

The chairman is former Equiticorp boss Allan Hawkins.

- NZPA