Clearly NZF is being "invested in" or "taken over". (Why else would you suspend writing new loans during a due diligence).

Any ideas who the new partner is?

As an exercise - I compared the latest numbers from Dorchester (DPC) to NZF. NZF is in infinitely better shape and yet in normalised share price terms - NZF is a bargain. NZF is also multiple brands - Mike Pero mortgages is such a dominant brand and NZF owns 50% - yet there is not much market consciousness about the significance of MPM.

A new equity partner and a restructure would be a great development.