A Du Val business valued at $431m? Receiver notes no independent valuation
No external valuation to show one entity was worth $431m, according to new PwC report.
No external valuation to show one entity was worth $431m, according to new PwC report.
Dispute follows China Construction winning an August 2 tribunal adjudication.
KPMG will now go about realising assets in an attempt to repay company debts.
Issue over nearly $250,000 in pandemic-era wage subsidies.
Developer to pay builder China Construction New Zealand $33m.
Meanwhile, a decision on media access to court and receivership files has been reserved.
Now Du Val investors and creditors want their money.
The Detail: A feud between builder and developer has brought work on Seascape to a halt.
Most older people do not live in such villages, even with 53,000 people there now.
Receivers have collected about 85% of the total amount owed by debtors.
After complaints about pipes in Australia, company has been in mediation.
Buying and selling activity is continuing apace, despite the sluggish economy.
Judge prepares to hear arguments in Hamilton on Monday.
Chris Bishop wants bipartisanship, other parties say he should look in the mirror.
Company is progressing further growth in the apartment sector.
Standardisation in construction could mean cost savings and efficiency gains.
Deputy Mayor Desley Simpson explains what steps the council will take on the skyscraper.
Vulcan blames high interest rates and inflation for its sharp fall in earnings.
BNZ became concerned that it made the loan based on false information presented to it.
None of the walls were straight and all the weatherboards had been put on wrong.
Summer is potentially going to be really smelly, one homeowner says.
Cyclone Gabrielle washed away the old 10m deep bridge piles, so they put in 34m deep ones.
Dispute between China Construction and developer Shundi Customs: Work suspended.
Regulator accuses Winstone Wallboards unit of breaching Commerce Act.
Horizon Hotel opened, NZ International Convention Centre due to open next year.
Complexity and scale meant immediate government intervention was required - Bayly.
Soft economy, cost-of-living pressures here and in Australia and regulatory issues cited.
Andrew Bayly and the FMA issued statements about why this happened and what's next.
'We expect it will take time to see the flow-through to consenting and actual work.'
Losses from Higgins, intense competition, poor trading conditions feature in huge loss.