News
More than 90% of SCF debentures will covered by extended guarantee
Wednesday 16th of June 2010
Chief executive Sandy Maier told an investor roadshow in Wellington that the $1 million cap in the initial scheme was not a problem at all for the firm's debenture holders, and that the extensions tighter requirements will not affect many people.
"Less than 10% of investors come in above $250,000 - it's not a dramatic problem," he said.
The scheme, though very useful, had created...
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