Augusta shareholders back Finance Centre sale

Press Release – BusinessDesk

July 25 (BusinessDesk) – Augusta Capital’s shareholders have overwhelmingly backed the sale of its Finance Centre properties in central Auckland for $96 million at a special meeting to consider the deal. Read more »

Consultation for FMA, XRB, Companies Office funding

Press Release – New Zealand Government

Commerce and Consumer Affairs Minister Paul Goldsmith has called for submissions on the reviews of Financial Markets Authority (FMA) funding, the FMA levy, the External Reporting Board levy (XRB) and New Zealand Companies Office fees. Read more »

Woolworths writes down EziBuy by A$309M

Article – BusinessDesk

July 25 (BusinessDesk) – Australian supermarket chain Woolworths has written off A$309 million from the value of its New Zealand clothing and homeware retailer EziBuy and wants to sell the business as part of an overhaul that will also see some local … Read more »

Serko CFO Tim Bluett resigns

Article – BusinessDesk

July 19 (BusinessDesk) – Serko chief financial officer Tim Bluett has resigned and will leave the online travel booking company in October. Read more »

Smartpay shares soar to 20-month high on tiny volumes

Article – BusinessDesk

July 18 (BusinessDesk) – Smartpay shares jumped to a 20-month high on tiny volumes, marking the biggest gain on the NZX’s main board today. Read more »

Pacific Property to double in value with new offer

Press Release – Pacific Property Fund Limited

Today successful private property fund Pacific Property Fund Limited announced a new offer to raise $15 million to fund the purchase of two commercial office properties based in Auckland. The premium properties will double the value of the fund. Read more »

CropLogic Offer Closes & Corporate Advisors Appointed

Press Release – CropLogic

Christchurch based agricultural technology company, CropLogic Limited ( CropLogic ), is pleased to announce that it has successfully closed its offer on the Equitise Pty Ltd ( Equitise ) crowd funding platform and has appointed Ventnor Capital … Read more »

Pushpay expands from faith to utilities, seeks ASX listing

Press Release – BusinessDesk

July 14 (BusinessDesk) – Pushpay Holdings is planning an ASX listing by the end of the year and is expanding its mobile payment app beyond the religious sector to helping people pay bills for utilities such as water and insurance. Read more »

NZ agri-tech startup CropLogic crowdfunds $500,000

Article – BusinessDesk

July 14 (BusinessDesk) – CropLogic, an agricultural technology company, has appointed Perth-based Ventnor Capital as its corporate advisors ahead of a planned listing on the ASX. Read more »

Time for a Reality Check on Retirement Savings

Press Release – ANZ Bank

Time for a Reality Check on Retirement Savings More than 2 million New Zealanders are saving for their retirement through KiwiSaver but its time for many to take a retirement reality check on how much money they will really need, according … Read more »

Investore stags 8.7% on listing

Article – BusinessDesk

July 12 (BusinessDesk) – Shares in Stride Property offshoot Investore Property spiked 8.7 percent from their offer price of $1.49 to $1.62 in the first 20 minutes of the newly listed company’s shares commencement of trading on the NZX this morning. Read more »

Briscoe to defend Kathmandu claim

Article – BusinessDesk

July 12 (BusinessDesk) – Briscoe Group will defend a claim by outdoor equipment chain Kathmandu Holdings for $3.2 million in costs incurred during last year’s failed takeover bid. Read more »

NZ dollar jumps vs. yen

Article – BusinessDesk

NZ dollar jumps vs. yen as Abe win in upper house paves way for more stimulus Read more »

GeoOp shares jump 11%

Article – BusinessDesk

July 11 (BusinessDesk) – GeoOp’s NZAX-listed shares climbed 11 percent after the management app developer said annual revenue beat forecast. Read more »

Vital rights offer reminder of closing date

Press Release – Vital Healthcare Property Trust

On 28 June 2016, Vital Healthcare Property Trust (Vital) issued an Offer Document detailing a 2-for-9 pro rata renounceable offer of new units to existing unitholders (the Offer). Read more »

Blis Technologies shares fall 11% after price query

Article – BusinessDesk

July 8 (BusinessDesk) – Blis Technologies shares dropped 11 percent after the biotechnology firm was quizzed over a spike in the share price by the stock market operator. Read more »

Nuplex CEO Severin reaps $10.3 mln windfall

Article – BusinessDesk

July 7 (BusinessDesk) – Emery Severin, chief executive of resins company Nuplex Industries, is due a $10.3 million cash payout following a shareholder vote in favour of a $1 billion proposed takeover by private equity-backed Belgian company Allnex. Read more »

Tex Edwards & KLR Announce Exit from 2degrees

Press Release – KLR Investments

I have now ended a 16 year assignment in NZ telecommunications its taken longer than I thought. Read more »

Tex Edwards, 2degrees founder, sells shares to Trilogy

Press Release – 2Degrees

2degrees and Tex Edwards announced today that Tex and KLR have transferred all their interests in 2degrees to existing shareholder Trilogy International New Zealand LLC or back to the company. The terms of the transfers are confidential. Read more »

Fairfax/NZME deal may delay ComCom’s Sky/Voda decision

Article – BusinessDesk

July 6 (BusinessDesk) – Sky Network Television chief executive John Fellet says hes concerned the proposed merger between the countrys dominant publishers, NZME and Fairfax NZ, could slow down clearance for Skys planned tie-up with Vodafone New … Read more »

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