Rotorua QE Health liquidation recovers just 1c on the dollar for Crown and trust claims
The Rotorua Trust and Government will recover only 1 cent on the dollar for roughly $10 million in loans given to QE Health for relocation in 2023.
QE Health, which received loans from the Rotorua Trust and the Government in 2023 to support relocation, has gone into liquidation. The Crown and the trust, which together had claims of around $10 million, will recover only 1 cent on the dollar from the liquidation process.
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NZ Herald
Rotorua QE Health liquidation: Crown, Rotorua Trust recover 1c on the dollar for $10m in claims
Rotorua Trust and the Government gave QE Health loans to relocate in 2023.