Amuri joins Regina bid
PA Dunedin A Dunedin company director, Mr Nat Craig, and Amuri Corp, Ltd, are to become partners with the Oamaru Licensing Trust in a consortium to buy Regina Confections, Ltd (in receivership). Regina has been in receivership since February after its parent company, Charter Corp, Ltd, went into receivership a month earlier. An executive of Amuri, Mr Charles Deans, said an announcement on the Regina deal would be made later this week. Amuri is the listed Christchurch-based vehicle dealer and property investor. Mr Craig is managing
director of Giltech Precision Castings, Ltd, formed 15 months ago out of the Dunedin firm of J. and T. Christies, Ltd. Regina has two factories, one in Oamaru with a staff of 55 and the other in Auckland with 16. Charter is now under the control of Como Holdings, Ltd, and the liquidator appointed for Charter, Mr Bruce McCallum, of Price Waterhouse, confirmed yesterday a statement of affairs for the company had yet to be filed.
Mr McCallum said though Regina was a Charter subsidiary, the latter would receive only those assets which might be excess in the sale of Regina.
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Press, 29 June 1988, Page 33
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191Amuri joins Regina bid Press, 29 June 1988, Page 33
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