Post by Kiwi Frontline on Jan 6, 2024 5:14:07 GMT 12
RUAPEHU ALPINE LIFTS ASSET VALUE ‘SIGNIFICANTLY LOWER’ THAN ESTIMATE, MILLIONS OWED TO CREDITORS
Embattled ski lift operator Ruapehu Alpine Lifts (RAL) plans to sell off its assets at a lower value than its original appraisal.
The receiver’s report, from Calibre Partners, details the aim of the company; it plans to continue to operate in receivership with an aim to sell assets to purchasers.
The report vows this will be done “in consultation with iwi, and subject to grant of new concessions by the Department of Conservation and funding from the Government.”
The previous Government apologised to iwi, in a letter revealed by NZME, admitting “flawed” consultation regarding the mountain.....
www.newstalkzb.co.nz/news/national/mount-ruapehu-s-ruapehu-alpine-lifts-asset-value-significantly-lower-than-estimate-millions-owed-to-creditors/
Embattled ski lift operator Ruapehu Alpine Lifts (RAL) plans to sell off its assets at a lower value than its original appraisal.
The receiver’s report, from Calibre Partners, details the aim of the company; it plans to continue to operate in receivership with an aim to sell assets to purchasers.
The report vows this will be done “in consultation with iwi, and subject to grant of new concessions by the Department of Conservation and funding from the Government.”
The previous Government apologised to iwi, in a letter revealed by NZME, admitting “flawed” consultation regarding the mountain.....
www.newstalkzb.co.nz/news/national/mount-ruapehu-s-ruapehu-alpine-lifts-asset-value-significantly-lower-than-estimate-millions-owed-to-creditors/