Shareholders get nothing from liquidation
Propertyfinance Group (PFG) chairman Barney Sundstrum apologised to shareholders after they were told they will not get a return via the liquidation of the company. 
© 2024 Stuff.co.nz Tue, 1 Jun 5:44am Property firm sees no choice but liquidation
The Christchurch-based Propertyfinance Group plans voluntary liquidation and delisting from the New Zealand stock exchange.
© 2024 Stuff.co.nz Thu, 13 May 5:34am PFG to pay creditors
Christchurch-based mortgage lender PropertyFinance Group Ltd (PFG) is to pay some creditors in shares and is also offering to convert redeemable preference shares into ordinary shares. Wholly owned subsidiary PropertyFinance Securities...
© 2024 NZ Herald Sat, 5 Dec 5:32am  Stockholders favour 'wind-down plan'
Propertyfinance Securities Ltd debenture stockholders today voted overwhelmingly in favour of a new "wind-down plan" which will be managed with a ''financial adviser'' chosen with the help of trustee Covenant Trustee Co.
© 2024 Stuff.co.nz Mon, 29 Jun 1:58pm  Bid to head off receivers
Propertyfinance Securities Ltd has applied for a court injunction to stop its trustee appointing receivers to the finance company for a second time.
© 2024 Stuff.co.nz Fri, 24 Apr 5:27am Propertyfinance restructure advertising banned
The Securities Commission yesterday moved against failed finance company Propertyfinance Securities, banning advertising for a proposed restructuring of its moratorium.
"The commission believes that the advertisements were likely...
© 2024 NZ Herald Tue, 21 Apr 5:17am  Investors asked to 'forgive' interest of 9.33%
After proposals to swap their debentures for shares in an illiquid NZX company were shelved, investors in Propertyfinance Securities are now being asked to write off interest they are owed.
© 2024 Stuff.co.nz Sun, 5 Apr 8:56am |
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Propertyfinance wind-down vote
Propertyfinance Group directors are recommending that their company enters voluntary liquidation and winds down its business. The directors have decided to convene a special meeting of shareholders to vote on this. Propertyfinance...
© 2024 NZ Herald Thu, 13 May 6:54am PFG presses ahead with new ordinary shares plan
PropertyFinance Group is pushing on with a plan to offer trade creditors and redeemable preference shareholders new ordinary shares in the finance company.
© 2024 Stuff.co.nz Mon, 7 Dec 5:32am Propertyfinance loss nears $20m
Propertyfinance Group, the parent of finance company Propertyfinance Securities, posted a full-year loss and said it won’t be able to include some $12 million of forgiven interest until the next financial year
© 2024 sharechat.co.nz Wed, 29 Jul 12:40am Investors say yes to PFS wind-down
Investors in finance company Propertyfinance Securities (PFS) yesterday voted strongly in favour of giving the company's management another go at winding the company down in a rejigged moratorium rather than receivership.
At a...
© 2024 NZ Herald Tue, 30 Jun 5:38am Information kept secret
NZX Regulation says Propertyfinance Group (PFG) shareholders should have access to "all relevant information".
© 2024 Stuff.co.nz Fri, 26 Jun 8:57am Propertyfinance, trustee off to court
Propertyfinance Group is at odds with its trustee over its plan to reduce payments to investors.
© 2024 Stuff.co.nz Thu, 23 Apr 10:27am Commission silences PropertyFinance
Failed finance company PropertyFinance has been slapped with a ban from advertising its latest moratorium restructure proposal on the grounds that the advertisements are "misleading to investors".
PropertyFinance carried out a...
© 2024 NZ Herald Tue, 21 Apr 9:17am Interest cut sought for debentures
Propertyfinance Group is hopeful it can get approval for a plan to substantially reduce interest payments to investors holding its mortgage-based debentures.
© 2024 Stuff.co.nz Tue, 7 Apr 5:27am
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