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Manuka Health deal cited in PWC lawsuit

Use of $1.58b of tax losses a core issue for plaintiff BIL.

Tim Hunter Mon, 05 Jul 2021

A court ruling suggests Malaysia-based Guoco Group was hoping to benefit from historic tax losses when it bought New Zealand honey company Manuka Health in 2019, only to find they were no longer accessible.

Guoco, part of the sprawling Hong Leong Group controlled by billionaire Quek Leng Chan,

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Tim Hunter Mon, 05 Jul 2021
Contact the Writer: thunter@nbr.co.nz
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Manuka Health deal cited in PWC lawsuit
Law,
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