Article – BusinessDesk

by Paul McBeth April 14 (BusinessDesk) – South Canterbury Finance Ltd.’s so-called ‘good bank’ assets are being put on the block as the recovery process hits its stride more than six months after the financier’s billion-dollar collapse. Read more »

Article – BusinessDesk

Dec. 24 (BusinessDesk) – Pyne Gould Corp., whose finance unit Marac is leading a merger with Southern Cross and Canterbury Building Societies, will book a $30 million loss in the sale of its stake in PGG Wrightson Ltd. Read more »

Article – BusinessDesk

by Paul McBeth Oct. 22 (BusinessDesk) – Investors in failed financier Strategic Finance Ltd. could get as little as 12 cents in the dollar out of their debenture stock after bids for the firm’s loan book fell short of expectations. Read more »

Article – BusinessDesk

Oct. 20 (BusinessDesk) – South Canterbury Finance Ltd.’s receiver expects to make an announcement on the sale of some of its assets this week. Read more »

Article – Businesswire

Aug. 13 (BusinessDesk) – Telsta Corporation is quitting its 51% stake in SouFun, China’s second-largest online real estate website, for about US$413.1 million (NZ$579.4 million). Read more »

Article – Businesswire

Just Water to write off $18m on Aussie assets May 14 (BusinessWire) – NZX-listed water cooler supplier Just Waer Ltd is forecasting an $18 million trading loss for the current financial year, a sum matching an anticipated $18 million write-off on … Read more »

Article – Businesswire

Jan. 11 (BusinessWire) – Infratil Ltd., the infrastructure investment company, has sold its 32% stake in Brisbane-based Energy Developments for some A$140 million. The company set up by Lloyd Morrison first flagged its interest in selling its holding … Read more »

Article – Businesswire

Jan. 7 (BusinessWire) – Sky City Entertainment Group, the casino operator, has finalised the sale of its New Zealand and Fijian cinemas business to Amalgamated Holdings, and expects to make a further $10 million from the sale of the associated … Read more »

Article – Businesswire

Nov. 20 (BusinessWire) – Australia New Zealand Banking Group, the parent bank of ANZ and National Banks, intends to sell its custodian services businesses in Australasia to investment bank JP Morgan. ANZ’s group managing director Shayne Elliott said … Read more »

Article – Businesswire

Nov. 3 (BusinessWire) – Abano Healthcare Group has confirmed it has sold its New Zealand audiology business to concentrate on hearing care in Australia and Asia. Abano’s 64 Bay Audiology clinics and business have been sold to National Hearing …
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Article – Businesswire

Aug 27 (BusinessWire) – Abano Healthcare Group Ltd is selling its New Zealand audiology interests for NZ$157.8 million in a move that will strengthen its balance sheet, make a one-off capital return to shareholders, and allow the business to concentrate …
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