Liquidation of van Eyk won’t halt sales

van-eyk/investments-commission/lonsec/australian-securities-and-investments-commission/

22 October 2014
| By Staff |
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van Eyk's creditors have voted to liquidate the company, as papers are drawn up for two potential buyers.

While administrator and now liquidator, Trent Hancock, of Moore Stephens, confirmed in a statement that sales contracts would "be exchanged shortly", he could not detail the parties.

However, fellow ratings house Lonsec yesterday confirmed it was "extremely interested" in van Eyk's iRate technology solution.

Again, Lonsec could not detail whether its bid had been successful due to a non-disclosure agreement.

Hancock said the company's liquidation would not affect any sales in negotiation.

He said he would continue to look into the events that led to van Eyk's demise and would be assisting the Australian Securities and Investments Commission and the Financial Markets Authority in New Zealand with their respective investigations.

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