Mortgage News

NZ Finance to buy Approved

Monday 14th of February 2005

For Approved’s existing four owners, managing director Dave Shatford who bought out co-founder Karl Baker in April last year, the other co-founder Lawrence Diack, and directors Michael Beal and Nick McCorkindale, the deal is essentially a share swap as NZFH will pay them by issuing nearly 2.7 million new shares at a nominal 45 cents each.

They a...

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