News

Investors to get power to put finance companies into receivership

Monday 14th of December 2009

The government will require companies putting a moratorium deal to nvestors will also need to provide a tailored disclosure document to ensure investors receive independent advice, along with alternatives to the offer. Commerce Minister Simon Power earmarked the move in August this year saying the new rules will require clear and concise investment statements. If a proposal does not proceed as...

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