Iwi organisation Te Rūnanga-Ā-Iwi-Ō-Ngāpuhi staved off a potential restructure this week, thanks to a $2.5 million payout from its fully-owned subsidiary, the Ngāpuhi Asset Holding Company.
This company typically distributed $2.3m in dividends to the rūnanga but had allocated only $1.4m this
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