A property development business, owned by Dunedin businessman Chris Swann, has been placed in liquidation owing nearly $1.5 million.
Trevor and Emma Laing, of Laing Insolvency Specialists, were appointed liquidators of KV Ltd in late May.
Shares were held by CJS Nominees (owned by Mr Swann) and Mr Swann, who is the former chairman of Waitaki District Health Services and cancer diagnostics company Pacific Edge.
Mr Swann was also the owner of First Design and Build, a Canterbury house building firm, which failed in 2021 after accruing losses of just over $1.2m.
In their first report, the liquidators said KV Ltd — which was incorporated in March, 2019 — operated as a property development company.
Two separate developments were…