Fonterra Cooperative Group, the world’s largest dairy exporter, sold its third dim sum bond, raising 1 billion Chinese yuan, or $230 million, with the proceeds helping fund the stake in Beingmate Baby & Child Food.  The five-year bond, which is priced in yuan but issued outside of China to tap international investors, will carry a 4 percent coupon, the Auckland-based company said. The cash …

NZBio has waded into the debate over using new biotechnologies, including genetic modification, backing a call by Treasury secretary Gabriel Makhlouf for another look at New Zealand’s attitude to risk. In a speech at Fieldays last week on making informed decisions about natural resources, Makhlouf said when new technologies come along, both genetically modified and non-genetically modified, New Zealand’s current system …

TruScreen, the NZAX-listed cervical cancer test developer, posted a small loss in its first annual filing as a listed company and has lined up China to underpin growth having achieved regulatory approval and several supply deals in the world’s most populous nation. The Auckland-based company reported a loss of $692,000, or 0.5 cents per share, in the 12 months ended March 31 …