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Two companies linked to NZ Wagyu, which was placed in liquidation last July, were last month also placed in liquidation, owing unsecured creditors a combined $5.8 million.
Origin Corporation and Blue Sky Meats (Gore) have common shareholding with Christchurch-based NZ Wagyu, which collapsed last July leaving 142 creditors $7.7m out of pocket.
The collapse of all three related companies potentially exposes unsecured creditors to losses of $13.5m.
Liquidators have calculated there are 131 unsecured creditors from the collapse of NZ Wagyu, mainly farmers, transport companies, contractors, stock feed suppliers and rural servicing business.
The 11 secured creditors are financers and some…
