Tag Archives: nz companies

Opus International Consultants, the listed engineering firm, flagged the loss of an undisclosed project will weigh on profit margins and cost it $5.5 million in the year. The loss of the large project, which was in “a non-traditional discipline with unique and unusual complexities”, would weigh on its New Zealand earnings, the Wellington-based company said in a statement. First-half margins were squeezed by …

Orion Health Group, which develops software systems for patient health management, wants to raise up to $150 million in new capital in an initial public offer but says it won’t offer earnings forecast because of the “lumpy” nature of the group’s revenues and it feared misleading investors as a result. The IPO would value the firm at almost a billion dollars and …

Orion Health Group, which develops software systems for patient health management, wants to raise up to $150 million in an initial public offer which would value the firm at almost a billion dollars and give public investors up to 17.4 percent of the company. The Auckland-based company plans to sell between 21.9 million and 29.1 million shares at $4.30 and …

Pyne Gould Corp, whose shares have been suspended from trading over the late filing of its annual accounts, says its annual report will be tagged by its auditor, which is still going through the asset management firm’s books and its related entities.   The Guernsey-based firm, which is controlled by managing director George Kerr, has asked its auditor PwC to …

NZ Yarn, a joint venture between Elders Primary Wool and Primary Wool Cooperative, have bought Christchurch Yarns NZ out of receivership for an undisclosed amount. The Christchurch-based wool spinning company was tipped into receivership in April, owing $7.2 million to general security agreement creditors including Westpac Banking Corp, while preferential creditors were owed $1.2 million, according to the first receivers report on June …

Pyne Gould Corp, the asset management firm controlled by managing director George Kerr, has sold its 27 percent stake in Equity Partners Infrastructure Co No 1 after failing to take control of the investment company and oust its board. The Gurnsey-based sold its entire 41.89 million shares of Epic, at 30 British pence per share netting 12.6 million British pounds, it said in …

Seeka Kiwifruit Industries, the country’s biggest kiwifruit grower, sees annual profit growth of up to 11 percent and is planning to expand its capacity in coming years as kiwifruit crops recover from the outbreak of the Psa-V vine disease. The Te Puke-based company forecasts net profit of between $2.6 million and $3 million in the 12 months ending Dec. 31, compared to $2.7 million …

Nuplex Industries, the specialty chemicals maker, agreed to sell two of its Australasian units to a company backed by Champ Private Equity for A$127.5 million, using the funds to repay debt and possibly make a capital return. Axieo, an investment vehicle of Sydney-based Champ, will buy Nuplex Masterbatch, the plastic additives business, and Nuplex Specialities, the distribution business, Auckland-based Nuplex said in a statement. Sam Bastounas, formerly Nuplex’s …

Hellaby Holdings, the diversified investment company, expects to proceed with at least one acquisition this financial year as it looks to further broaden its portfolio. The Auckland-based company has several potential acquisitions on the cards and is “optimistic that at least one will come to fruition during this financial year,” chief executive John Williamson told Hellaby shareholders at its annual meeting …

Co-founder of SLI Systems Geoff Brash, who last week halved his stake in the search engine developer, has resigned as vice president from the company as the shares trade at a record low. Brash will end 13 years with the company when he formally resigns as vice president from Business Intelligence at the end of this year, the Christchurch-based company said in a statement …