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Icehouse alumni Adherium gets ASX listing

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The Icehouse will tack another medal onto an already-decorated body of work this week: Adherium will become the first of the incubator’s alumni to cross the listing threshold. A digital health technology company whose focus is to addresss the sub-optimal medication use in chronic disease, Adherium is now listed on ...

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Genesis Energy in hunt for new CEO

Energy  Energy industry veteran Albert Brantley is to retire as chief executive of Genesis Energy at the end of the 2016 financial year, the electricity company’s chair, Jenny Shipley announced. Brantley was appointed to lead Genesis in 2008, replacing Murray Jackson, and has led a strategy that has ended Genesis’s ...

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Morrison fund raises RMB1.87billion for Chinese renewable investments

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HRL Morrison & Co subsidiary JIDA Capital Partners and Shenzhen-based CGN Private Equity Fund Management have raised 1.87 billion Chinese yuan (NZ$451.7 million) from institutional investors to launch a new fund focusing on Chinese renewable energy assets. The unlisted private equity infrastructure fund, CGN Fund III, is seeking to raise ...

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SLI widens annual loss cites Brazilian weakness

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Innovation  SLI Systems widened its annual loss while sales met the reduced guidance it gave in April, after the online retail search engine developer reorganised its sales team and was impacted by a weaker Brazilian economy The Christchurch-based company reported a loss of $7.1 million in the year ended June 30, from a loss ...

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Steel & Tube on prowl – buys Aquaduct NZ out of receivership

Steel & Tube Holdings, New Zealand’s biggest steel distribution company, has continued its drive to grow through acquisitions, buying Aquaduct NZ out of receivership for about $8 million cash. Aquaduct was put into receivership in April after defaulting on its debt facilities with Westpac New Zealand, which was owed $4.97 million, ...

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