McConnell puts Orange-H construction arm in receivership
Orange-H owes about $30 million but has receivables and bonds worth more than that.
McConnell Group has put the Orange-H Group in receivership because of what it calls predominantly a cashflow issue.
Orange-H is the McConnell subsidiary formed last year when the bulk of the Hawkins business was sold to Downer and it consisted of a number of projects not included in the Hawkins
Want to read more? It's easy.
Choose your best value subscription option
Individual
Group membership
NBR Marketplace
Yearly Premium Online Subscription
NZ$499.00 / yearly
Monthly Premium Online Subscription
NZ$44.95 / monthly
Smartphone Only Subscription
NZ$24.95 / monthly
Premium Group Membership 10 Users
NZ$350+GST / monthly
$35 per user - Pay by monthly credit card debitPremium Group Membership 20 Users
NZ$600+GST / monthly
$30 per user - Pay by monthly credit card debitPremium Group Membership 50 Users
NZ$1250+GST / monthly
$25 per user - Pay by monthly credit card debitPremium Group Membership 100 Users
NZ$1875+GST / monthly
$18.75 per user - Pay by monthly credit card debitYearly Premium Online Subscription + NBR Marketplace
NZ$499.00 / yearly
Already have an account? Login
Jenny Ruth
Fri, 11 May 2018
Fri, 11 May 2018
© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.
McConnell puts Orange-H construction arm in receivership
74912