Alliance Group’s chairman Mark Wynne has all but shut down a letter penned by a group of farmers wanting to recapitalise the embattled processor themselves as providing “false hope”. Five current shareholders have pulled together what they describe as an “alternative finance proposal” to prepay its debt money from capital raised from farmers, retaining profits as well as selling “non-essential” assets. We talk with one of those shareholders, Mark Gunton of Argyle Station, who is also an Auckland property developer.
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