Cedenco shareholder taking legal action
Related Links
Relevant offers
Industries
SK Foods International, the major shareholder of food processor Cedenco Foods, has hired law firm Kensington Swan to seek legal redress against ANZ National Bank.
It says the bank's decision to put Cedenco into receivership this week was without justification and ANZ has breached the terms of an agreement it had with Cedenco.
SK Foods said it had invested heavily in New Zealand and employed many people here. Action like that taken by ANZ served to discourage foreign investment in New Zealand.
- © Fairfax NZ News
Sponsored links
NZ economic performance understated, says Bollard
Goodman Fielder to slash New Zealand jobs
Jail for tax dodging taxi driver
Soho subscribers and ad revenue lift Sky TV profit
Travellers stranded after Air Australia goes bust
Fay plan sinks $18m into Crafar farms
Ageing population lifts death rate
NZ dollar up as trading favours risk assets
Guptill blasts Black Caps to victory in first T20
One dead after Northland crash
Flights disrupted as severe thunderstorms hit Auckland
Fatal speed-gliding crash near Wanaka
Bolivian squirrel monkeys arrive at Wellington Zoo
Armed thieves loot Greek museum
Hurricanes weather elements to beat Chiefs
Travellers stranded after Air Australia goes bust
Goodman Fielder to slash New Zealand jobs
Police car pig painter mystery unsolved
New York apartment sells for NZ$105m
Guptill blasts Black Caps to victory in first T20
Quake felt across lower North Island
Hurricanes weather elements to beat Chiefs
One dead after Northland crash
New York apartment sells for NZ$105m
Flights disrupted as severe thunderstorms hit Auckland
Bolivian squirrel monkeys arrive at Wellington Zoo
Fatal speed-gliding crash near Wanaka
