Campbell Park Estate in Otekaieke will be sold to pay off debts of former Mainzeal boss Richard Yan, after he was adjudged bankrupt in May this year.
The estate is one of three parcels of land owned by Richina Ltd, Insolvency and Trustee Service national manager Russell Fiddes said.
“Richard Yan is the sole shareholder of Richina Ltd and his shares have vested in the official assignee. The official assignee will look to realise the shares of the company and accordingly the land owned by Richina Ltd.”
Richina Ltd needed to be restored to the Companies Register before any further steps could be taken.
If there were no objections, Richina Ltd would be restored tomorrow.
The homestead was built in 1876 and features a castle-style…
