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Allied Farmers may write down $23m loan; wants McKenna bankrupted
Monday 28th of March 2011
It is also opposing property developer Nigel McKenna's bid to avoid bankruptcy over the failed Kawaru Falls Station development in Queenstown. McKenna owes Allied at least $110 million but Allied has already completely written the loan off.
Allied told NZX on Friday lawyers for Hong Kong-based lender Asian Syndicate Finance has informed it Andrew Tauber and Paul Webb's company Honk 2 wil...
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