Three Auckland construction firms collapse, owing 160 creditors $18m

Premium Tom Raynel Multimedia Business Reporter · NZ Herald · 5 Aug, 2026 05:19 AM 7 mins to read Residential construction companies owned by David Wang have entered liquidation, owing more than $5 million to the Inland Revenue Department. Three Auckland residential construction companies—Diamond Homes, Diamond Construction, and D&L Developments—were owned and operated by sole shareholder and director Lining (David Wang). These firms have been placed in liquidation, leaving more than 160 creditors chasing debts totaling at least $18 million. Nearly $6 million of this debt is claimed by the Inland Revenue Department.