News

SCF receivers repay govt a further $125m

Friday 4th of May 2012

In their latest report, receivers Kerryn Downey and William Black of McGrathNicol say that takes total repayments to the government to $645 million and at February 29 they were holding a further $108 million in cash and term investments.

When the receivers were appointed on August 31, 2010, the book value of SCF's assets was $1.9 billion, making it New Zealand's largest receivership.

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