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Ocho liquidation meeting 'shambolic mess' – Otago Daily Times

Tempers flared as the fight to save Ocho heated up at a shareholders meeting labelled a “shambolic mess”.

The fate of beleaguered Dunedin chocolate company Ocho remains uncertain after a resolution to place it into voluntary liquidation was postponed at a meeting yesterday.

After an “extremely close” vote, the board said it had decided to postpone the outcome by a day in order to verify the votes, and is expected to communicate the outcome to shareholders by 5pm today.

About 150 shareholders attended the meeting, some chiming in periodically over their microphones and the meetings online chat portal.

One shareholder said the meeting was critical and for it to be a “shambolic mess like this” was ridiculous.

Some said they were emotionall…

Read the full article at: https://www.odt.co.nz/news/dunedin/ocho-liquidation-call-put-1-day-after-‘extremely-close’-vote

Category: LiquidationBy Insolvency Advisory AccountantsJuly 10, 2024

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Ocho liquidation meeting 'shambolic mess' – Otago Daily Times

Tempers flared as the fight to save Ocho heated up at a shareholders meeting labelled a “shambolic mess”.

The fate of beleaguered Dunedin chocolate company Ocho remains uncertain after a resolution to place it into voluntary liquidation was postponed at a meeting yesterday.

After an “extremely close” vote, the board said it had decided to postpone the outcome by a day in order to verify the votes, and is expected to communicate the outcome to shareholders by 5pm today.

About 150 shareholders attended the meeting, some chiming in periodically over their microphones and the meetings online chat portal.

One shareholder said the meeting was critical and for it to be a “shambolic mess like this” was ridiculous.

Some said they were emotionall…

Read the full article at: https://www.odt.co.nz/news/dunedin/ocho-liquidation-call-put-1-day-after-‘extremely-close’-vote

Category: LiquidationBy Insolvency Advisory AccountantsJuly 10, 2024

Post navigation

PreviousPrevious post:Online bookseller Booktopia enters voluntary administration; Dymocks circles – Sydney Morning HeraldNextNext post:Labor reveals personal bankruptcy overhaul – The Australian Financial Review

Related Posts

Two award-winning restaurants in Melbourne forced to close after racking up debts of over $1.3million
May 13, 2025
Beau Homes goes into liquidation
May 9, 2025
Regulating Fraudulent Use of the Corporate Form
May 6, 2025
Aussie Plant Based Co. acquired by Smart Foods, production resumes
May 4, 2025
Socceroo star Steve Horvat’s family company pushed into liquidation on the eve of Western United heading into A-League finals
May 2, 2025
Perth’s biggest event lighting company in liquidation after being decimated by the pandemic
April 30, 2025
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