New Zealand's third largest building company has gone into receivership, saying its financial position has been hit by a decline in commercial construction activity and a series of other events.
But the downfall of Mainzeal Property and Construction comes as it had a substantial amount of work lined up as part of the Christchurch rebuild.
Andrew Kelleher from ASB Securities spoke to Firstline this morning about this and other business news.
Watch the video.
source: newshub archive