Apple coolstore and packhouse operator Edenz Limited owed the BNZ NZ$6.6 million when the bank pulled the plug and appointed receivers last September.
The first report from receivers Brendon Gibson and Grant Graham of KordaMentha notes BNZ pulled the plug after Edenz, which also leased and managed a number of orchards, defaulted on its banking arrangements.
Edenz's main asset, its 3.615 hectare coolstore and packhouse complex located near Havelock North, is being marketed for sale by Colliers.
* This article was first published in our email for paid subscribers earlier today. See here for more details and to subscribe.