Botry-Zen receiver impressed

The receiver of Dunedin company Botry-Zen says he is impressed by the level of support for the embattled Dunedin business.

Matthew Taylor, of WHK, said while he had interest from potential buyers, he had also had plenty of support from those who used and sold the biological control for the grape wasting disease Botrytis cinerea.

"There has been good interest for every aspect of the company, from winegrowers, reselling agents and sales people, and very positive feedback," he said.

Information memorandums would in the next week or so be sent to those entities interested in buying the company as a going concern, and Mr Taylor said the sale had attracted some interest.

In the meantime, Botry-Zen was continuing to trade.

Mr Taylor said the receivers were still to determine the level of company debt, but as at the last end-of-year balance date, the amount of secured and unsecured debt was listed at about $2 million, and its market capitalisation was just over $3 million.

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