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.
Coca-Cola Amatil has confirmed it will be pressing on with its $100 million redevelopment of SPC Ardmona.
Beautiful weather greeted Tungamah residents for the 18th running of the Tungamah Lions Ten Thousand on Sunday.
When Keith and Marion Grumley and their growing family moved to Tatura on January 18, 1968, little did they know that it would be the start of a long and lasting connection to the town.
Mary and Molly Byrne are urging others to support National Bandanna Day today.
Rochester Rotary Club has celebrated its 50th birthday in style.
Sorting future of Campaspe pools
A theatre production with a difference is coming to Seymour.
Local athletes will go head-to-head with some of the best competitors from around the world in swimming and athletics in December.
District residents and visitors will be able to enjoy some of the region’s most beautiful private gardens on Sunday.
The 116th annual Cobram Show went off with a bang at the weekend, drawing in crowds from far and wide for two days of fun.
The annual Deniliquin Garage and Town Sale event is being held tomorrow, and more than 16 homes are registered for the bargain day.
Fifty new full-time jobs will be created at Tatura with a multimillion-dollar expansion of the abattoirs expected to be announced today.
Remembering Australian political giant Gough Whitlam who once called on Benalla police to stop then Treasurer Frank Crean on his journey up the Hume to phone the PM.
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