GE Capital's equipment finance business in New Zealand said yesterday that it had acquired more than NZ$100 million of commercial loan assets from Face Finance Limited, from the firm's receivers. Face is a subsidiary of South Canterbury Finance.South Canterbury is effectively under the control of the New Zealand government since all related businesses, including Face, were placed under statutory management in September 2010.The price paid was not disclosed. The industry sectors covered by the receivables include construction, transport, forestry and aviation, a GE media statement said.