NZ Rural Land Co owed $1.2m by failed apple grower Kiwi Crunch
Rural property company NZ Rural Land Co is still assessing its financial exposure after apple grower Kiwi Crunch collapsed.
NZ Rural Land Co has reported it is owed about $1.2 million by firms linked to collapsed apple grower Kiwi Crunch. The rural landowner is uncertain about the full extent of its financial losses from the failure. The company is actively seeking new tenants for its Hawke's Bay orchards that were previously occupied by the apple group.
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NZ Rural Land Co owed about $1.2m by Kiwi Crunch linked firms
New Zealand Rural Land Co says it still doesn't know what its financial hit from apple grower Kiwi Crunch's failure may be . The rural landowner posted its half-year result on Thursday and said it was still looking for new…