DR - Finance companies
South Canterbury Finance will seek govt guarantee extension
Thursday 22nd of October 2009
The prospectus revealed chairman Hubbard came to the rescue of the finance company once more, and he has personally injected around a quarter of a billion dollars into South Canterbury over the past three years.
However, this will probably be the 81-year-old's last hurrah, as he announced he will be retiring as chairman within 12 months as the company brings on two independent directors...
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