DEAN KOZANIC/STUFF
Christchurch businessman Bert Govan: ‘We want to say how sorry we are.”
Christchurch-based Challenge Steel has been placed into voluntary liquidation one year after it was launched by businessman Bert Govan.
Govan has held meetings with liquidator BDO and the clients and creditors understood to be owed several million dollars, apologising for the failure.
Other Challenge Steel directors Tony Sewell, Geoffrey Cranko and Annie Govan resigned two weeks ago, leaving 75 per cent shareholder Govan and 25 per cent owner and chief executive Suresh Nagaiya on the board.
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Read the full article at: https://www.stuff.co.nz/business/97540005/challenge-steel-liquidated-directors-abandon-ship
