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News Article: Is Te Pūkenga ‘drowning’ in over $250m of debt? Executives reject Penny Simmonds’ claim, say real figure is one-fifth of that amount
But Te Pūkenga chief executive Gus Gilmore says the organisation is viable and the vast bulk of the “debt” figure Simmonds references is money lent between Te Pūkenga’s own business divisions and not debt that needs to be repaid.