Summerset Group, the retirement village operator whose shares have gained 47 percent in the past 12 months, named Scott Scoullar as chief financial officer, filling a vacancy left by Julian Cook, who has been promoted to chief executive. Scoullar joins Summerset from Housing New Zealand, where he has been CFO since early 2012, after filling the same role at the …

GuocoLeisure, the diversified investment company once known as Brierley Investments, plans to delist from the NZX, meaning its dwindling New Zealand shareholder base will have to use the Singapore Exchange in future. The Singapore-based company said New Zealanders now own just 4.2 percent of total shares on issue. So far in 2013, daily turnover on the NZX has been 22,567 …

The statutory managers for the late Allan Hubbard’s Aorangi Securities have lost a bid to exclude an American widow who had some $5.8 million invested with the Timaru businessman. In the High Court in Christchurch, Justice Robert Dobson today struck down a bid by Grant Thornton’s Richard Simpson, Trevor Thornton and Graeme McGlinn to have Susan Jenks and her deceased …