
Size of Allied headache revealed
Hanover investors back debt-for-equity deal but documents show big problems.
Hanover investors back debt-for-equity deal but documents show big problems.
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.
Financier GE Capital is threatening Blue Chip victims with mortgagee sales as pressure mounts before a landmark court decision.
Hanover Finance and its part-owner Mark Hotchin are taking a small investor to the High Court over $697.96 owed to the man's teenage daughter.