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Nab In Talks With Allco On Execs' Loan

A $110 million bank loan advanced to senior executives of Allco Finance Group has become embroiled in the negotiations to reach a cash-for-assets deal to save the stricken investment company.

Mfs On Slippery Slope Over Loan

THE stricken Gold Coast property group MFS suffered another body blow when one of its listed funds confirmed it was struggling to refinance a $180 million loan due to expire in May. Three weeks after shares in MFS Living and Leisure were suspended from trading, the fund finally broke its silence late yesterday to confirm the market's fears. The fund, whose assets include the Falls Creek and Mount Hotham ski resorts and Melbourne Aquarium, announced the resignation of its chief executive, Marshall ...