Creditors owed more than $400,000 by Laurie Mains-owned Clan Construction Commercial Ltd have a big decision to make on Friday.
Those owed money will have to decide whether to either accept 60c in the dollar owed or take their chances with Mr Mains liquidating the company.
The former All Black and All Blacks coach has offered to forgo $154,000 he is owed by Clan Construction Commercial and, as 70% shareholder and sole director, would put $20,000 cash into the creditors pool, but only if they accept the compromise at the Dunedin meeting on Friday.
The companys other 30% shareholder is Michelle Macmillan, managing director of GJ Gardner Homes in Dunedin, who was a Clan director until March, who would put in $10,000 cash, and forgo…
Read the full article at: https://www.odt.co.nz/news/dunedin/compromise-offer-made
