Hegelian ends
Hegelian Ventures, an investment company owned by Chambard Property Developments, has been wound up with debts to Barclays Bank of more than S4M. Mr Justice Heron made a winding up order for Hegelian Ventures in the High Court The principal debt was 53.4 M, with interest accruing at nearly $lBOO a day. The Official Assignee was appointed provisional liquidator. Hegelian was sold to Chambard in 1987. New Empac James Smith, a Wellingtonbased investment group, will change its name to Empac Holdings, on February 24.
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Press, 20 February 1989, Page 13
Word Count
86Hegelian ends Press, 20 February 1989, Page 13
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