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Home arrow Other Coastlines arrow Matarangi Beach arrow Allied's Matarangi Beach Estates in receivership
Allied's Matarangi Beach Estates in receivership PDF Print
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Other Coastlines - Matarangi Beach
Written by The New Zealand Herald   
Saturday, 20 November 2010

Allied Farmers' Matarangi Beach Estates has been put in receivership after the finance company turned down the chance to sell the assets back to Hanover Finance principles Mark Hotchin and Eric Watson at a discount.

HSBC cancelled the beachfront development company's $19 million term loan facility after Allied refused to provide support for the facility that has been in default since last December.

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Last Updated ( Saturday, 20 November 2010 )
 
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