Allied Farmers shares plunged 31 per cent, falling 6 cents from 19 cents to 13 cents after a trading halt was lifted at 11.45am.

The Hanover investors who grudgingly voted for the Allied Farmers deal probably haven't had time to digest the contents of the capital markets report.

Hanover owners Mark Hotchin and Eric Watson copped more stick as investors narrowly voted to approve a share rescue deal.

Hanover investors back debt-for-equity deal but documents show big problems.

"The work begins now," says one Allied director after Hanover investors approved the plan to sell the company's loan book to Allied Farmers at today's vote.

A result on whether Hanover investors have approved or rejected the Allied Farmers deal is expected this afternoon.

Hanover investors asked heated questions of company directors at a meeting to discuss the $400 million deal put up by Allied Farmers.

"When's your next bloody party in Fiji," one angry investor asked Hanover director Mark Hotchin during heated scenes yesterday.

Hanover Finance has returned fire on the Shareholders Association's Bruce Sheppard.

Allied Farmers shareholders yesterday resoundingly endorsed their company's proposed acquisition of Hanover Finance's loan book.

Allied Farmers says it is confident it can realise more value in Hanover's loan books than the failed finance company can operating under its moratorium.

Hanover Group is headed for receivership if Allied Farmers' proposed debt for equity swap cannot be completed, a report finds.