News

SCF blames adviser for share price plunge

Thursday 5th of August 2010

The NZX sent a ‘please explain' letter to South Canterbury after the preference shares sank to 10 cents from 16.50 cents yesterday. Chief executive Sandy Maier responded, saying he was aware of a financial adviser writing to clients with the shares and advising them that the firm's recapitalisation plan will probably fail.

"South Canterbury Finance confirms that positive discussions are...

Want to read the full article?
Click the button below to subscribe and will have unlimited access to full article and all other articles on the site.