Finance company launches rescue package to stay afloat

Dominion Finance Holdings is the third largest of the 21 finance companies to find itself in difficulty over the last two years

Another New Zealand finance company, Dominion Finance Holdings, is in financial trouble. It is asking its 9,020 investors to accept a halt to payments due to them, as part of a rescue package the group hopes will allow it to continue operating. DFH is the third largest of the 21 finance companies which have failed completely or are fighting financial problems in the past two years.