The proposed backdoor listing for file storage and encryption firm Mega has been given another deadline for regulators to go through documents outlining the offer to shareholders of TRS Investments, the proposed vehicle for the deal. Stakeholders in TRS and Mega have agreed to extend the date to complete the transaction in another four weeks, by Nov. 28, to let the …

Synlait Milk, which plans to take a quarter-stake in Sichuan New Hope Nutritional Foods Co to gain a direct interest in a Chinese infant formula brand, has been granted accreditation to manufacture retail-ready infant formula for export into China. The Rakaia-based milk processor has been notified of its approval by the Certification and Accreditation Administration of the People’s Republic of …

The New Zealand dollar is heading for an 11 percent slump in the September quarter as global demand for the greenback has rallied on the prospect of rising US interest rates next year, and as the Reserve Bank of New Zealand confirmed it had been active in the currency market, having jawboned the kiwi since July. The local currency fell to 78 …