Initial shareholders of SLI Systems, the search engine developer, have sold 6.8 percent of the company at the end of a 16-month lock-up period at 23 percent below last year’s offer price. The shareholders sold some 4.2 million of the 40.1 million locked-up shares at $1.15 apiece yesterday, the Christchurch-based software developer said in a statement. That’s below the $1.50 price the shares sold at …

New Zealand Refining, the nation’s only oil refinery, said two unions representing 160 of its workers, or about half its workforce, have served notice of a two-day strike next month, a move that could result in $8 million to $9 million of lost processing fees. First Union and the New Zealand Engineering, Printing and Manufacturing Union gave notice of strike action covering …

Investors in OPI Pacific Finance are still in the dark over the value of a potential deal with the failed lender’s former auditor after ASX-listed Crowe Horwath rejected the OPI receiver’s version of the settlement. Last week, Crowe Horwath, which became liable for the settlement through its acquisition of Lower Hutt-based accounting firm Sherwin Chan & Walshe, said it had reached a deal …