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Home / Business / Personal Finance

Investors urged to get to Blue Chip meetings early

By Maria Slade
25 Mar, 2008 02:27 AMQuick Read

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KEY POINTS:

The Blue Chip liquidators are urging investors to get to tomorrow's creditors' meetings early.

Liquidators for 20 failed Blue Chip-related companies are holding meetings in two sittings at Auckland's Ellerslie Events Centre.

The first meetings at 10am are for investors who own apartments, but who lost the guaranteed income they were supposed to get under the Blue Chip managed property investment scheme.

The second session at 2.30pm is for those in other Blue Chip financial products, many of whom have lost deposits on apartments yet to be completed.

Liquidator Jeff Meltzer said a large turnout was expected, and everyone who planned to attend needed to register. Staff of the liquidator would be onsite and available to take registrations from 8.30am.

Meltzer said he would then hold creditors' meetings for investors in Invercargill and Christchurch on April 8.

He said there were a large number of Invercargill investors, and the idea of video link ups with South Island investors was abandoned in favour of face-to-face meetings.

Investors in other Blue Chip-related companies not in liquidation are not entitled to attend the meetings.

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