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Kerr’s Pyne Gould Corp reports 27% value drop

Company plans to roll over investment in Cayman Islands Torchlight fund.

Tim Hunter Mon, 29 Nov 2021

As the Bank of New Zealand chases ex-pat businessman George Kerr’s defunct company Pyne Holdings for a debt of $67.7 million, its investee company Pyne Gould Corp has filed accounts indicating a 27% fall in net asset value.

Exactly how much Pyne Holdings owns of former NZX-listed, now

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Tim Hunter Mon, 29 Nov 2021
Contact the Writer: thunter@nbr.co.nz
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Kerr’s Pyne Gould Corp reports 27% value drop
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