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Strategic Finance loan book sale stalls
Friday 22nd of October 2010
Receivers John Fisk and Colin McCloy of PricewaterhouseCoopers expect to recover between 12% and 35% of the principal amount owed to debenture holders after the sales process threw up sub-par offers, they said in a letter to investors.
The bottom-end of the range is less than one of the low-ball offers investors received from Australian-based Stock & Share Trading Co., wh...
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