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The Securities Commission of New Zealand said that its recently concluded investigations into the finance companies in the country revealed that most of the investors in those companies are entitled to refunds on their investments. In cases where persons and companies had contravened the law...
In a deal to bolster investments between the two countries, ANZ New Zealand signed an agreement for cooperation with the China Development Bank (CDB) last week. The two countries increased cooperation is being sought in a bid to increase trade and investments between them. ANZ New Zealand’s chief...
As part of its US$60 million plans to develop an open cast coal mine near Westport, Bathurst Resources, an Australian mining company, said it is keen on listing on the New Zealand Stock Exchange this year. In its plans, Bathurst will export two million tones of coal from the mine, situated close to...
The New Zealand Finance Group, NZF, a financial services firm, said on Tuesday that it had concluded the sale of residential mortgage-backed securities at an estimated $100 million. This sale is the first of its kind in New Zealand since the global financial meltdown, showing the regaining investor...
Genesis Research and Development Corp., an Auckland based biotechnology company reported it had found a viable New Zealand investor and may rethink its decision to move its operations overseas. The company’s CEO, Stephen Halls, said Tuesday that the company expects to conclude the placement of 7.4...
At least four of New Zealand’s Universities announced a move to cut varsity admissions, blocking out thousands of students. This came as a response to a funding freeze by government for tertiary education and an increase in the amount of enrolments given the increasing unemployment...
In a Joint Venture statement, New Zealand and Australian pipfruit farmers announced a recommitment to a multi-million dollar investment for the production of new apple and pear cultivars. In the deal, Australian growers are expected to invest NZ$11.5 million spread over five years via their...
In its bid to acquire the Buller Coal Project in New Zealand, Australian Stock Exchange listed company; Bathurst Resources, announced that it had finished the placement of 125 million new shares at $0.13 per share aimed at raising $16.25 million needed for the investment. It had also signed the...
The Malaghan Institute of Medical Research will lead a $5 million research in therapeutic cancer vaccines. This investment into R&D by the Health Council of New Zealand (HRC) is expected to last for three to four years. It makes up for one of the main winners in an $81.88 million financing...
AMP’s proposed New Zealand acquisition now has to wait for an extra two weeks for the New Zealand Commerce Commission to decide over the company’s intended acquisition. AMP had proposed a takeover of AXA Asia Pacific Holding’s New Zealand assets. According to the regulator, it had postponed its...
