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Zion Wildlife Gardens Ltd (In Receivership & In Liquidation)
Tuesday 17 January 2012
News Release
Zion Wildlife Gardens Ltd (In Receivership & In Liquidation)
The
Receivers of Zion Wildlife Gardens Ltd (In Receivership & In
Liquidation) confirm an application has been made to the
High Court in Auckland.
Receiver and PwC Partner Mr Colin McCloy says “the Court application is intended to support the sale of the Zion Wildlife Park, as a going concern with the existing animals remaining in the Park
“An interested party has offered to purchase the business and assets of Zion. The Receivers believe the offer represents good value and the best option to preserve the operation of the Park and the welfare of the animals. However, existing Court directions need to be varied to support the sale process. As a result, the Receivers have applied to the Court to have the existing directions varied.
“The welfare of the wildlife at Zion is a priority for the Receivers and their appointor, Rabobank, and food and veterinary care have continued to be provided by the Receivers, funded by their appointor.
“The Receivers
will be in a better position to discuss progress further in
the coming weeks. At this stage, we cannot discuss the
ongoing sale process, due to commercial sensitivity.”
-ends-
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