Allan Hawkins - the 1980s high flyer who spent six years in jail for fraud - is once again inspiring investor confidence.
A share offer for his NZAX-listed company Cynotech has closed oversubscribed. The company has successfully issued 20 million new ordinary shares and 10 million warrants at 17.5c a
share.
In 1989, after the collapse of Equiticorp, Hawkins was jailed on fraud and conspiracy charges involving $520 million.
He returned to the public eye last year when he purchased a stake in listed technology company Rocom and took over as chief executive.
Rocom has since been folded into Hawkins' investment company Cynotech Holdings.
Cynotech also owns finance company Budget Loans and Mellon Foods.
Last year, Hawkins told the Herald that he would not change any of his past actions, even if he would change the outcome. "I don't want to even think about that. One of the advantages I've got is that people do know me. Everything about me has been written in the Herald over the years so I am what I am."
Cynotech shares closed at 18c yesterday.
