DGL spits the dummy: leaving NZX after Lim debacle

DGL spits the dummy: leaving NZX after Lim debacle
DGL CEO Simon Henry has dodged media questions since the offending comments. (Image: NZME)
Pattrick Smellie
The New Zealand company at the centre of the Nadia Lim “Eurasian fluff” debacle is to de-list from the NZX and trade its shares only on the Australian Exchange.DGL, which manufactures and trades industrial chemicals, made no mention of the PR disaster that saw the stock dropped like a hot cake by a string of NZ funds managers, saying it had made the decision because trading volumes on this side of the Tasman were too small to make dual-listing worthwhile.However, in an unusually direct comment, NZX chief executive Mark Peterson said...

More Markets

Expectations of rate cuts boost NZ sharemarket in light trade
Markets Market close

Expectations of rate cuts boost NZ sharemarket in light trade

There were 89 rises and 48 falls on the main board.

Smart CEO Anna Scott resigns
Markets

Smart CEO Anna Scott resigns

Anna Scott will take up her new role on October 1.

Fonterra’s NZ milk collections hit five-year high
Primary Sector

Fonterra’s NZ milk collections hit five-year high

The increased production comes as forecast milk prices point to record levels.