Tag Archives: Companies

SkyCity Entertainment Group, which operates hotels and casinos across Australia and New Zealand, has sold its half-share of Christchurch casino and taken full ownership of Queenstown’s gaming centre. cheap custom essay The Auckland-based company sold its 50 percent share in Christchurch casino for $80 million to tourism operator Skyline Enterprises and bought Skyline’s 40 percent stake in the Queenstown operation …

SkyCity Entertainment Group said it will spend more than A$300 million redeveloping its Adelaide Casino after concluding 2 ½ years of negotiations with the state government over the size of the operation, exclusivity and taxes. write my essay Key terms of the agreement include an extension of the company’s exclusivity in the state for table games, automated table games and …

Brokerage Forsyth Barr and firms associated with Credit Agricole Corporate and Investment Bank have agreed to establish a $60 million settlement fund to compensate investors and pay $500,000 in costs over the disastrous NZX-traded Credit Sails notes. The settlement is part of a deal under which the Commerce Commission concludes its probe into the now-worthless notes and agrees not to …

Argosy Property, whose shareholders agreed to corporatise the company last year after buying out the ANZ Bank-owned manager, wants to raise up to $100 million to pay for two buildings housing long-term government tenants in Wellington. The new equity will come in two tranches, with $80 million raised from institutional and qualified investors and $20 million through a share purchase …

Fonterra shareholders voted to re-elect incumbent directors John Wilson and Nicola Shadbolt to the Fonterra board. They will be joined by new director Blue Read, a former chairman of the Fonterra Shareholders’ Council from 2007 – 2010. Read, aged 57, lives and farms near Urenui in Northern Taranaki.? Blue is the current Chairman, New Zealand Co-operative Business Association, and has …

Shares in Trade Me have been halted as Australian publisher Fairfax Media sells its remaining 51 percent in the New Zealand online auction site. The shares have been halted to let a bookbuild take place for the sale of Fairfax’s shares, Trade Me said, without disclosing a price. Media reports have put the sale price at A$3.05 a share, a …

New Zealand Post, the state-owned postal service, agreed to sell its 35 percent stake in Datacom Group to the New Zealand Superannuation Fund for $142 million to repay debt and bolster its capital. NZ Post’s credit rating was cut to A+ from AA- in October as the state-owned enterprise searches for new revenue streams in the face of dwindling demand …

New Zealand shares fell, led by Warehouse Group on concern its decision to buy appliance and electronics retailer Noel Leeming puts it in the toughest part of the market. Fletcher Building rose to a 17-month high. The NZX 50 Index fell 4.59 points, or 0.1 percent, to 4026.18. Within the index, 23 stocks fell, 13 gained and 14 were unchanged. …

Jevic New Zealand, a company that pre-vets imported used vehicles, offered to buy all the shares of Vehicle Inspection New Zealand, valuing the target at $4.1 million. Jevic is offering $1.65 a share for VINZ, the vehicle inspection company that trades on the Unlisted platform. The offer represents a 10 percent premium to VINZ’s last trading price of $1.50. Jevic …

Shareholders of TeamTalk, the owner of the CityLink fibre-optic broadband service, have voted in favour of the acquisition of Farmside Group for up to $42 million to extend its reach into rural areas. The Wellington-based company has agreed to buy Farmside for an upfront payment of $19 million in cash and $12 million in TeamTalk shares, with an additional $7 …