"Administrator to acquire approximately A$8M of hire purchase equipment owned by the ANZ"
I would interpret this as meaning that Kagara had a remaining 8 million dollars to pay on equipment purchased under a hire purchase agreement with ANZ. This equipment may have been seized by the bank prior to voluntary administration and securing its release may help with ongoing plans to restructure.
update out, page-5
-
- There are more pages in this discussion • 31 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
