By Chris Hutching
Friday 6th June 2003 |
Text too small? |
Major founding shareholder Tom Kain travelled to London with Tom Fogharty QC earlier this week and they were expected to know the result of the hearing by yesterday but no word had come through yesterday mid-afternoon.
Apple Fields is a shelf company with some interests in the development margin on an undeveloped block of land on the outskirts of Christchurch as well as the potential outcome of the Privy Council appeal.
In the case, Apple Fields alleges the mortgagee of a block of land (now a subdivision called Northwood) had a conflict of interest over the sale.
If successful, a possible remedy might involve Apple Fields being offered back some of the sections.
No comments yet
EBOS announces appointment of new Chief Financial Officer
AM Best affirms Tower Limited's A- (Excellent) FSR
MCK enters into conditional agreement for Whangarei land
April 26th Morning Report
SPG - Change to Executive Team
BGI - Forgiveness of $200,000 of secured indebtedness
General Capital Subsidiary General Finance Market Update
AFT,Massey Ventures,Gilles McIndoe to develop scar treatmen
April 24th Morning Report
Cheers to many fewer grape harvest spills