Coast firm crashes
Como Holdings, a Hokitikabased investment group with newspaper, goldmining, timber, and deer-farming interests, was put in receivership yesterday. The West Coast company is the latest Stock Exchange-listed casualty of the October sharemarket crash. Prime-West Corporation, a Christchurch-based property and investment group, went into receivership last week.
The Como receivers were appointed by the Bank of New Zealand, which holds floating debentures over Como Holdings and a number of its subsidiary companies. Como is a sizeable employer on the West Coast. It set up a give-away daily newspaper, the “West Coast Times” early this year. Details, page 28
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Press, 27 September 1988, Page 1
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100Coast firm crashes Press, 27 September 1988, Page 1
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