Shareholders in Wellington Drive Technologies, whose annual accounts were tagged by auditor PwC over forecast cash flows, will vote next month on a sale of preference shares that could hand control of the company to cornerstone investor SuperLife. The Auckland-based maker of energy efficient refrigeration motors today said it raised $2.2 million of the $5 million sought in a one-for-five …

New Zealand producers’ input and output prices rose in the first three months of the year, driven by higher costs to generate electricity because of low hydro-lake levels and more expensive thermal generation. Producer output prices, which measure the prices received by New Zealand producers, rose 0.9 percent in the three months ended March 31, turning from a 0.4 percent decline …

Privately held drugs developer and reseller AFT Pharmaceuticals is contemplating a listing on the NZX, having attracted a 10.6 percent equity investment from a US specialist healthcare investment fund and Auckland-based Milford Asset Management. Companies Office records show Capital Royalty, with headquarters in Houston, Texas, has taken a 7.58 percent stake in Auckland-based AFT, leaving a 3.03 percent stake taken …