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Carich Training Centre Limited (In Receivership)

Carich Training Centre Limited (In Receivership)

When appointed as receivers and managers of Carich Training Centre Limited on 29 October 2003 we indicated that the company could not be traded as funding had been frozen by Government and no other sources of funds were available. The following is an update:

We have conducted an extensive search for buyers through local and targeted contacts, and discussions were held with prospective purchasers through the weekend. The proposals for the business were not acceptable, and accordingly, we are considering a new proposal for one of the locations and will know by noon Wednesday 5 November 2003 whether it is a viable proposal.

We are working with the NZQA and the TEC to effect an orderly transition of students to other qualifying providers. Students will be able to recover personal belongings and student records to assist them in registration with new providers. Domestic students have trust funds available and foreign students are insured.

Intellectual property will be offered for sale shortly. Other assets at the Company’s nine locations across New Zealand will be offered for sale at auction over the next few weeks.

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