Business Scoop


Wynyard liquidator offers glimmer of hope

Article – BusinessDesk

Sept. 7 (BusinessDesk) – Wynyard Group shareholders whose investments were all-but written off when the intelligence software company went bust two years ago may get a “very small” respite, say the firm’s liquidators. Read more »

High Court places Forestlands companies into liquidation

Article – BusinessDesk

Sept. 6 (BusinessDesk) – The High Court in Nelson has appointed KordaMentha’s Neale Jackson and Grant Graham to liquidate Forestlands companies 2-12 and 14-20. Read more »

Forestlands companies placed in liquidation

Press Release – Financial Markets Authority

The High Court in Nelson has placed Forestlands companies 2-12 and 14-20 into liquidation. Read more »

Zespri forecasts jump in annual profit

Article – BusinessDesk

Sept. 5 (BusinessDesk) – Zespri Group, the country’s kiwifruit export marketing body, expects profit to surge higher in the coming year as it grows volumes and seeks to maintain values in “challenging” markets with higher volumes of low-priced fruit. Read more »

Steel & Tube raises $42.3M in discounted retail rights offer

Article – BusinessDesk

Sept. 5 (BusinessDesk) – Steel & Tube Holdings says 71 percent of its deeply discounted 1-for-1.9 pro rata rights offer was taken up by shareholders and the stock has been halt for a shortfall bookbuild to raise another $17.8 million. Read more »

Airways New Zealand records strong result

Press Release – Airways New Zealand

Airways New Zealand is pleased to report a strong performance for the year ending 30 June 2018, in a period of historically high air traffic volumes and increased profits from its commercial businesses. Read more »

IkeGPS sees Analyse potential of ‘up to 20x’ revenue

Article – BusinessDesk

IkeGPS sees Analyse potential of ‘up to 20x’ revenue in step change for business By Sophie Boot Read more »

Tilt Renewables’ independent directors say bid too low

Article – BusinessDesk

Sept. 4 (BusinessDesk) – Tilt Renewables’ independent directors are recommending shareholders reject the $208.5 million Infratil-led takeover offer for the business, saying it is “simply too low”. Read more »

Methven yet to receive substantial shareholder notice

Article – BusinessDesk

Methven yet to receive substantial shareholder notice as buyer pays premium for 6.4% stake Read more »

OMV: Shell’s offshore NZ assets keep local programme viable

Article – BusinessDesk

Sept. 4 (BusinessDesk) – OMV says its purchase of Shells offshore assets in New Zealand will help the enlarged group maintain a sufficient exploration and development programme to keep its local activities viable. Read more »

Rural Equities to sell 2 farms, look at other asset classes

Article – BusinessDesk

Sept. 4 (BusinessDesk) – Rural Equities, the farming group majority-owned by the Cushing family, has agreed to sell two of its farms and continues to eye other investments outside New Zealand rural property. Read more »

Tilt Renewables’ Independent Directors reject takeover offer

Press Release – Tilt Renewables

Tilt Renewables Independent Directors reject the $2.30 offer from majority shareholders. Inadequate and not fair Read more »

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