OCV octaviar limited

forest resort in reveivership

  1. duped
    206 Posts.
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    20/04/09
    13:51
    Post #: 5030219
    From http://www.businessspectator.com.au/bs.nsf/Article/Below-par---golf-resort-put-in-hands-of-receivers-R9TE6?OpenDocument

    "Below par - golf resort put in hands of receivers

    Abstracted from The Australian Financial Review

    KordaMentha has been appointed receiver of Forest Resort, a $A250 million golf resort near Ballarat in Victoria. Jim and Joan Walsh, the owners of the resort, were unable to repay $A38 million due to their first mortgagee, investors in the Premium Income Fund

    Distributed by News Bites. Copyright 2008 LexisNexis Australia. All Rights Reserved"
    OCV Price at posting: 99.0¢ Sentiment: None Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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