'The Good' Splitting From 'The Bad and Ugly'?
Article on Stuff:
Troubled South Canterbury Finance considers separating assets
Now that'll be interesting for existing bond and pref share holders.
I guess its possible each security could be split and you end up with investments in the 'good', and the 'bad and ugly', or perhaps the bad is all financed privately (big risk, bit potential rewards) and the good keeps the public listing?
Alan.
SCF Approved For Extended Guarantee Scheme
Announcement today:
interest.co.nz
Looks like they'll be around for a while longer ;-)
Perhaps that why the didn't rush out a new prospectus.
Alan.