Bridgecorp faces further scrutiny
PricewaterhouseCoopers (PwC) has been appointed as the voluntary administrator of nine Australian companies of the collapsed Trans-Tasman property debenture investment company, Bridgecorp.
Ferrier Hodgson has also been appointed as receiver of the lending arm of the Australian operation, Bridgecorp Finance, which issued secured and unsecured notes to investors.
These announcements follow receivers from PwC being appointed to the New Zealand arm of the organisation.
One of the two PwC voluntary administrators appointed to the Australian operations, Phil Carter, said the pair would be working closely with PwC New Zealand in its process of assessing the company.
“We are in the process of assessing the group structure, the funding, assets and creditors,” he said.
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