- A one-day sellout of sections near Queenstown improved Cayman Islands-based Pyne Gould Corporation’s annual result.
The former Canterbury-based rural services company lost £7000 (NZ$12,600) for the year ending June 2016 compared with last year’s £22 million loss.
The company’s main investment is Torchlight Fund
Torchlight’s two main investments are Lantern Hotel Group and a larger stake in RCL, which is selling the Queenstown sections in a development called Hanley Farms next to Jack’s Point.
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* 100 sections sold in a day as Queenstown’s Hanley’s Farm hits the market
* Boss warns long road ahead for PGC
CHRIS MCLENNAN
PGC has boosted its coffers with the sale of Queenstown sections.
READ MORE VIA STUFF