General Capital (GEN:NZ) Concludes Goodwill Discussions
General Capital Limited
Level 8, General Capital House,
115 Queen Street, Auckland CBD
PO Box 1314, Shortland Street,
Auckland, New Zealand. 1140.
Phone +64 9 304 0145
General Capital (GEN:NZ) Concludes Goodwill Discussions
Listed financial services group General Capital (GEN:NZ) advises that its representatives
have held discussions with the FMA.
Managing Director, Brent King, said:
“We received a letter from FMA asking GEN to be more detailed in recording the inputs
and assumption used in the discounted cash flow model used in respect of the goodwill and
intangible calculation for Investment Research Group Limited. The Directors are confident
the correct processes have been followed in previous audited financial statements and this
has been conveyed to the FMA. We understand that the matter is at an end as far as the
FMA is concerned.”
For further information contact:
Brent King
Managing Director
General Capital Limited
+64 21 632 660
Brent.King@gencap.co.nz
17 November 2022
END
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