Friday 1st March 2013 |
Text too small? |
Liquidators have been appointed to a raft of Mainzeal and Richina related companies at the request of the shareholder.
BDO's Andrew Bethell and Brian Mayo-Smith have been appointed liquidators of the group companies, including the first firm to fall over Mainzeal Property and Construction, according to documents lodged with the Companies Office. The appointments were made yesterday by a special resolution of the shareholder, as opposed to being court appointed.
Bethell wasn't immediately available for comment.
The companies put into liquidation include Mainzeal Property and Construction, Mainzeal Living, 200 Vic, Mainzeal Group, Building Futures Group, Mainzeal Construction, Mainzeal Ltd, Mainzeal Construction SI, MPC NZ Ltd, RGRE Ltd.
A number of Richina related companies and limited partnerships are still active according to the Companies Office.
Last month, BDO's Mayo-Smith, Bethell and Stephen Tubbs were appointed liquidators related company King Façade NZ, which was found to have racked up $18.9 million of total liabilities on assets of $4.5 million.
On Feb. 21, Richina chairman John Walker published a statement on the company's website saying Richina Pacific was reviewing the guarantees it has provided Mainzeal and its affiliates.
"The Board of Directors and management of RPL (Richina Pacific Ltd) are reviewing the level of exposure that RPL has as a result of the receivership of Mainzeal. We will communicate with the shareholders as we know more," he said.
BusinessDesk.co.nz
No comments yet
Second St John withdrawal of labour takes effect tomorrow with further strikes likely
Sanford Appoints Independent Director
CRP ADVISES CLOSURE OF SHARE OFFER TO EXISTING INVESTOR
Devon Funds Morning Note - 14 August 2024
OCR 5.25% - Monetary restraint tempered as inflation converges on target
Consumers still need due diligence as new deposit takers emerge.
Woolworths strike: staff asked to dress up in Disney costumes for a week on their own dollar
Turners Invests in Quashed Online Insurance Platform
PGW Reports on Challenging Year
Arvida Announces Executive Team Changes