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SCF Pursuing New Financial Partner

South Canterbury Finance owner Allan Hubbard hopes to find a new partner-shareholder for the company by the end of August.

The new partner would inject much-needed equity capital into the cash-strapped company and bring SCF back into compliance with its trust deed.

SCF chief executive Sandy Maier said there was a short list of about five interested parties, including some from overseas.

Meantime, Mr. Maier says SCF is launching a road show around the country over the next couple of weeks, holding investors' meetings to discuss the firm's future.

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