The "smirks" on these people's faces expose it all as far as I am concerned. Study Kerr's face and then the Dame's and you'll see what I mean....
"Butter wouldn't melt......"
For anybody who still owns Richina shares, there is an update dated 12 December on the Richina website that you might be interested to read. In my opinion it's good news. I recall there being a requirement for shareholders to not divulge information about the company, so I'll obey that. The update is in the Investors section after logging in.
a client of mine has been advised he will still likely receive payment in the New Year..... I'm not too sure of the details exactly but seemed like a reasonable figure
https://www.nzherald.co.nz/business/...ectid=12139307
The wheels of justice turn slowly but there may yet be justice.
https://www.nzherald.co.nz/business/...ectid=12142670
Excerpt : "Directors of failed construction firm Mainzeal had no reason to question promises from its Chinese parent the company would get the financial support it needed to stay afloat, former Prime Minister Jenny Shipley told the High Court today."
Dame Jenny Shipley may want to revisit the commitments made to minority shareholders by the Chinese Parent when it delisted from NZX.
https://www.nzherald.co.nz/best-of-b...ectid=11534289
"The company needn't worry about the last requirement because this columnist retained 1026 Richina Pacific shares to observe how this NZX delisting process works but hasn't received any annual report or information on director changes, if any, over the past six years."
Richina and Mainzeal had been run without any decent oversight by any regulatory authorities it seems - relying purely on the directors?