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eartland New Zealand, whose shares reached a post-listing high this week, was halted from trading pending an announcement to the stock exchange.
The stock jumped to 92 cents on Wednesday, closing at 89 cents yesterday. In the past 12 months the shares have gained 23 percent, compared to the NZX 50 Index rise of 15 percent in the same period.
The bank formed from the merger of Canterbury and Southern Cross building societies and Marac Finance is due to report earnings on Feb. 25. In guidance given at the end of first quarter the lender said it was on track to meet half-year targets.