Inventory Technologies to use NZF shell for NZX listing

Sun, 30 Nov 2014

By Suze Metherell Dec. 1 (BusinessDesk) - Inventory Technologies, the healthcare technology developer, will join the NZX via a reverse listing using the shell of NZF Group, the listed financial services company blocked from liquidating earlier this year by its major noteholder. NZF will acquire 100 percent of the Christchurch-based tech business for $5 million via the issue of 20 million new shares at 25 cents apiece, the Auckland-based shell company said in a statement. NZF will also restructure its own notes, paying noteholders 11 cents...

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