Scoop has an Ethical Paywall
Postie Plus Group Limited (Administrators Appointed)
Monday 30 June 2014
News release
Postie Plus Group Limited (Administrators Appointed)
David Bridgman and Colin McCloy, as
Administrators of Postie Plus, have today announced that
they expect it will be another two to three weeks before the
current conditional agreement concerning the sale of the
Postie Plus business becomes unconditional and can be
completed. The intended purchaser, an international retail
group, is continuing its due diligence.
David Bridgman said: "As Administrators we remain keen to conclude a sale of the business as a going concern, as we believe this to be in the best interests of all creditors and Postie Plus staff. In the meantime, the Company will continue to trade through 68 stores nationwide following the pending closure of 12 stores as previously announced".
The Administrators also record their continued appreciation for the patience and forbearance shown by the Company's creditors and Postie Plus staff.
ends-
Notes to
editors:
The process of ‘voluntary
administration’ is a relatively new business
rehabilitation scheme that was introduced into New Zealand
company law on 1 November 2007. Administration is intended
to be a relatively short-term measure that freezes the
company’s financial position while the administrator and
the creditors work on the next steps.
Business Canterbury: Urges Council To Cut Costs, Not Ambition For City
Wellington Airport: On Track For Net Zero Emissions By 2028
Landcare Research: ANZAC Gall Fly Release Promises Natural Solution To Weed Threat
NZ Anti-Vivisection Society: Auckland Rat Lovers Unite!
University of Canterbury: $1.35 Million Grant To Study Lion-like Jumping Spiders
Federated Farmers: Government Ends War On Farming
