ANDREW GORRIE/FAIRFAX NZ
One of Terry Serepisos’ former companies has been wound up, leaving debts of $38 million.
A company owned by former property tycoon Terry Sereispos is being wound up, with a shortfall of more than $38 million.
Receivers have released the final report for Century City Ventures, which shows the company still owes more than $38m to its secured and unsecured creditors, despite the sale of all assets.
About $32m was recovered from selling the company’s assets, which included two properties in Petone – one on The Esplanade and one on …
Read the full article at: http://www.stuff.co.nz/business/80205620/Serepisos-company-liquidation-ends-with-38-million-owed-to-creditors
