
A Du Val business valued at $431m? Receiver notes no independent valuation
No external valuation to show one entity was worth $431m, according to new PwC report.
No external valuation to show one entity was worth $431m, according to new PwC report.
Dispute follows China Construction winning an August 2 tribunal adjudication.
KPMG will now go about realising assets in an attempt to repay company debts.
Issue over nearly $250,000 in pandemic-era wage subsidies.
Developer to pay builder China Construction New Zealand $33m.
Meanwhile, a decision on media access to court and receivership files has been reserved.
Now Du Val investors and creditors want their money.
The Detail: A feud between builder and developer has brought work on Seascape to a halt.
Will staff be paid? Will they have to come to work still? Work shifts? What will they do?
Iplex will pay 80%, Western Australian Government to pay 20% to help homeowner victims.
Receivers have collected about 85% of the total amount owed by debtors.
After complaints about pipes in Australia, company has been in mediation.
Buying and selling activity is continuing apace, despite the sluggish economy.
Judge prepares to hear arguments in Hamilton on Monday.
Company is progressing further growth in the apartment sector.
Deputy Mayor Desley Simpson explains what steps the council will take on the skyscraper.
Vulcan blames high interest rates and inflation for its sharp fall in earnings.
Filmmaker has plans to build a film museum.
Limited Partnership liquidation gives clues to statutory management complexity.
Dispute between China Construction and developer Shundi Customs: Work suspended.
Regulator accuses Winstone Wallboards unit of breaching Commerce Act.
Plus, My Food Bag earns chart of the week, reaction to Infratil story.
Horizon Hotel opened, NZ International Convention Centre due to open next year.
Complexity and scale meant immediate government intervention was required - Bayly.
Soft economy, cost-of-living pressures here and in Australia and regulatory issues cited.
Andrew Bayly and the FMA issued statements about why this happened and what's next.
'We expect it will take time to see the flow-through to consenting and actual work.'
Losses from Higgins, intense competition, poor trading conditions feature in huge loss.
Report went in last Friday, PwC says. Nothing has been released in public yet.
He has held roles at Graeme Hart's Rank Group in the US.