Superway (research discontinued)

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Last updated: 25 Mar 2002 Update History

Report Status: Archived

Report Pages: 2

Analyst: Paul Budde

Synopsis

In August 2001, Superway went in to receivership after the company failed to pay a debenture to the Bank of New Zealand. The office furniture was auctioned off, leaving the cable network as the company’s only asset. According to the receiver, there are no amounts owing to preferential creditors. In November, Superway was put up for sale and a number of industry operators were contacted.

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