SCF to announce deal after 9.30am that will "surprise some"; "will be good and bad"
South Canterbury Finance Chief Executive Sandy Maier said the finance company would make an announcement on its future after 9.30 am to the NZX which would surprise some people.
Maier told Interest.co.nz the announcement would impress the government and would be a beginning for some parts of South Canterbury and an end for other parts.
He declined to give further details, except to say the short announcement made to the market was likely to be misinterpreted and would require significant interpretation.
Maier is in Canterbury to talk to staff.
We will update with further details as they come to hand.