By Chris Hutching
Friday 26th May 2000 |
Text too small? |
A couple of months ago a stake of about 80% was bought by Apples Aotearoa, associated with Grocorp director and Timaru businessman Ed Sullivan and Ross Lund.
Mr Sullivan confirmed that options were being evaluated. He remains confident for the industry and for Grocorp's immediate outlook.
A successful insurance claim for hail damage of about $2 million would strengthen the balance sheet.
Mr Sullivan said there would be some positive results from the independent marketing Grocorp was involved in with Tesco.
One of the vendors in the recent share deal was South Canterbury Finance, which subsequently has provided finance at 12%, stepping into the breach when ANZ proved unwilling to continue its relationship.
Mr Sullivan said the ANZ move was based on its opinion of the apple industry. It was owed $10 million.
No comments yet
IKE 1Q FY26 Performance Update
July 29th Morning Report
General Capital Annual Shareholders Meeting Results
MEE - Receivers and Liquidators appointed to King Honey
2 Cheap Cars Group Updates Performance Outlook for FY26
Spark announces Director changes as part of Board renewal
July 28th Morning Report
KMD Brands announces new Group Chief Financial Officer
Commerce Commission to issue SOI re Viridian application
FBU - Moody's affirms FBU Baa3/stable rating