Banksia investors are meeting with receivers in Kyabram today.TRENT HORNEMAN December 14, 2012 11:20am
Banksia Securities Limited debenture holders are meeting with receivers in Kyabram today.
Receiver Tony McGrath said he was confident investors would receive a minimum of 50 cents in the dollar.
He also told investors the directors, auditors and officers could be held accountable.
Mr McGrath said Banksia had insufficient cash reserves against its loan portfolio and that last year’s profit of $24
Mr McGrath said receivers will sell off Banksia mortgages to recover cash, with a possible completion date of September.
More to come in Monday's Riverine Herald.
Two men charged over the armed robbery of a Shepparton service station have been remanded in custody until next week.
The 2014 Yarrawonga Mulwala Multisport Festival has been hailed a huge success by organisers and participants alike.
The fifth annual King Billy Retreat Open Garden Party will be held at Rushworth on Saturday and Sunday, October 25-26, from 10 am to 4 pm.
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Judge comments, If I were single, I'd marry this steak!
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