A holding company of Forsyth Barr chairman Sir Eion Edgar with assets of $29 million has been liquidated.
But the Queenstown investor and entrepreneur said it was ''simply a family reorganisation''.
Gerard Boock, of Jackson Valentine, was appointed liquidator of Sinclair Long Term Holdings on April 1, following a special resolution by shareholders Sir Eion, Murray Valentine and Roger Macassey.
Mr Valentine is the sole director of Jackson Valentine.
Mr Boock could not be reached for comment.
The liquidator's first report said Sinclair Long Term Holdings was solvent and able to pay its debts.
Assets are listed as $29 million and there were no liabilities.
Sinclair Long Term Holdings has shareholdings in 17 companies - including listed companies Pacific Edge, Foley Family Wines and BLIS Technologies.
It also has a 35% stake in Queenstown Resort College. Sir Eion said the companies were still owned within his family.
''There's no change in the beneficial ownership,'' he said.
