Liquidators investigate Kiwi Crunch insolvent trading as fruit grower collapses
Liquidators are examining whether major fruit grower Kiwi Crunch traded while insolvent before its collapse.
Kiwi Crunch, one of New Zealand's largest fruit growers and exporters, has collapsed and entered liquidation. The liquidators' initial reports show the company's six entities have combined liabilities of $134.26 million, though a significant portion consists of intercompany debt. Investigators are now examining whether the company continued trading while insolvent.
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Kiwi Crunch collapse: Liquidators investigate possible insolvent trading
Liquidators are investigating whether Kiwi Crunch traded while insolvent following the collapse of one of New Zealand’s largest fruit growers and exporters. The first liquidators' reports reveal Kiwi Crunch’s six companies have combined liabilities of $134.26 million, but a significant…