South Island Company is facing a crucial vote on a $130m loan that could determine the future of the company. Shareholders are divided on whether to approve the loan, with some fearing it could lead to increased debt and financial instability. The outcome of the vote will have major implications for the company’s operations and long-term growth prospects.
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Old Polytech buildings to be cleared for car park
Buildings on the old polytech site in Ashburton have been marked for demolition after failing to secure new homes. The Ashburton District Council decided to redevelop the site into an unsealed gravel car park for $1.6 million, with offers made to community groups to buy prefab classrooms for $1 each. Following failed tenders, the council has decided to demolish the buildings, including the two-storey structures, as part of a programme likely to take place in...
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