Discovery NZ receives $40m cash injection from overseas holding company

The Three and Newshub owner has received a cash injection. (Image: Getty)

Fri, 28 Oct 2022

Discovery New Zealand has received a $40 million cash injection from its holding company in Singapore, Companies Register filings show.The Three and Newshub owner issued and sold 40 million new shares at a valuation of $1 each to Discovery Networks Asia-Pacific (DNAP) in late October.The share issuance was completed across three transactions, recorded at the Companies Register on Oct 18 and Oct 26.It follows a $10m capital injection from DNAP in 2021, and $15m in 2020, according to past accounts.A Discovery NZ spokeswoman declined to comment on...

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