MARKETS

Tamarind NZ to go in administration

THE New Zealand subsidiary of Malaysia-based Tamarind Resources gone into voluntary administration, blaming the falling oil price and a “number of commercial factors” for the company’s financial woes.

Mark Tilly

Blames the falling oil price

The company has said administrators will take direct control over assets and records in order to squeeze any remaining value out and achieve a better return than if it went straight to liquidation. ...

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