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

NZ sharemarket enjoys good week with fourth gain
Markets Market close

NZ sharemarket enjoys good week with fourth gain

The S&P/NZX 50 Index closed at 11,938.08, up 64.04 points or 0.54%.

Graham Skellern 03 May 2024
BHP CEO flies to South Africa to push $65.4 billion takeover
Markets

BHP CEO flies to South Africa to push $65.4 billion takeover

The executives have already begun conversations with key stakeholders.

Bloomberg 03 May 2024
Rakon shareholder wants light shed on $400m bid
Markets

Rakon shareholder wants light shed on $400m bid

US giant Skyworks could be Rakon's new owner. One shareholder wants it to confirm.