News

Hawkins company buys National Finance loans

Sunday 8th of October 2006
NZAX-listed Cynotech Holdings is paying cash National Finance’s loan book which had a face value of $23 million. The news for investors is slightly better than previously reported. Receiver Colin McCloy says a partial repayment of around 30% will be paid to secured debenture holders this week.

McCloy says that once realisation of all the assets is completed secured debenture holders could r...

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