News

Dorchester ‘humbled’ by debenture holders’ support for plan

Wednesday 30th of June 2010

Byrnes told despositrates.co.nz that garnering support from four-fifths of Dorchester's debenture holders showed the company has been given another opportunity, and has to deliver on investors' "good faith."

Investors voted in favour of a recapitalisation plan that will give some 7,200 investors still owed about $84 million units in a property trust that will trade on the on the Unlisted...

Want to read the full article?
Click the button below to subscribe and will have unlimited access to full article and all other articles on the site.