Dorchester capital plan 'has merit' NZPA
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Dorchester seeks cash to settle with investors The Press Dorchester Pacific wants to raise a minimum of $10 million of new capital and make peace with its debenture holders to set the company up for a consolidation in the non-bank sector. |
Grant Baker joins Dorchester board BusinessDay The former chairman of vodka success story 42 Below, Grant Baker, is to take a seat at the board table of beleaguered finance company Dorchester Pacific as a non-executive director. |
42 Below founders buy Dorchester stake No Source The former owners of Vodka company 42 Below see potential in the decimated New Zealand finance company sector and have picked up a 19.47 percent stake in Dorchester Pacific for $400,000. |
More Dorchester provisions BusinessDay In-moratorium finance company Dorchester Pacific has had to book further unanticipated losses on its loan portfolio in the year to March.
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No liquidation for Dorchester No Source Dorchester Pacific shareholders have voted against putting the company into liquidation. |
Dorchester investors approve repayment plan BusinessDay.co.nz The majority of Dorchester Pacific investors have voted in favour of a deferred repayment plan at a meeting held in Auckland today. |
Decision time for Dorchester investors Sunday Star Times Dorchester Finance debenture and noteholders ride into their valley of decision on Wednesday with $172 million at stake and an all-too familiar question hanging over their heads. Do we trust the managers who got us into this to get us out, or should we try someone else - in this case a receiver and, most likely, liquidator? |
Dorchester loses $35m BusinessDay.co.nz Embattled finance company Dorchester Pacific has reported a $35.04 million loss for the Six months to December. |
Dorchester plan still not ready BusinessDay.co.nz Directors of embattled Dorchester Pacific are "hopeful" investors will have a moratorium plan to vote for before Christmas - some six months after the company froze $168 million of debenture money and months later than earlier indicated. |