Receivers may manage Cymbis run-off
The receiver of Cymbis Finance is undecided on the merit of selling the loan book compared with continuing to manage the portfolio itself. Greg Hall and Ian England of PricewaterhouseCoopers said they were yet to be convinced a sale would represent the best return for debenture holders. Cymbis owes $64 million to debenture holders. The firm collapsed last month.
Source: The Australian Financial Review