Brief: Solvar Says Unit Served With Proceedings Filed By New Zealand Commerce Commission
March 7 (Reuters) - Solvar Ltd SVR.AX :
* UNIT HAS BEEN SERVED WITH PROCEEDINGS FILED BY NEW ZEALAND
COMMERCE COMMISSION
* GROUP INTENDS TO DEFEND THESE PROCEEDINGS
* NEW ZEALAND COMMERCE COMMISSION ALLEGES UNIT BREACHED
OBLIGATIONS TO BORROWERS UNDER CREDIT CONTRACTS & CONSUMER
FINANCE ACT 2003
Further company coverage: SVR.AX
((Reuters.Briefs@thomsonreuters.com;;))
Recent news on Solvar
See all newsAustralia's Solvar on course for steepest drop in six months on trading ex-dividend
Australia's Solvar climbs on stronger annual earnings
Brief: Solvar Posts FY Net Income AUD 29.5 Million
Brief: Solvar Renews Existing On-Market Share Buy-Back
Australia's Solvar rises to one-week high on buyback extension