Metroglass to address doubt on its ability to continue as a going concern

Metroglass to address doubt on its ability to continue as a going concern
The board was refreshed in March and chief executive Simon Mander resigned in early May. (Image: NZME)
Rebecca Howard
Metro Performance Glass says it plans to address the “material uncertainties” that "may cast significant doubt on the group’s ability to continue as a going concern".Reporting earnings on Wednesday, the company said it expects to formalise a capital raise offer or alternative options in the coming weeks, and "this is expected to address the material uncertainty referred to in our annual accounts”, the directors said. The board was refreshed in March, and chief executive Simon Mander resigned in early...

More Markets

NZ stocks end firmly as outlook brightens
Markets Market Close

NZ stocks end firmly as outlook brightens

Improved, post-results season sentiment drove NZ stocks higher.

The Warehouse Albany and Silverdale could be first in line for store revamp
Retail

The Warehouse Albany and Silverdale could be first in line for store revamp

The Warehouse’s Albany and Silverdale stores could be first in line to undergo an interior revamp, according to chief executive Mark Stirton, who gave an update to shareholders at the company’s annual meeting on Friday.The meeting covered everything from the company’s 2025 financ...

Westpac cops $3.64m penalty for lender responsibility breaches
Finance

Westpac cops $3.64m penalty for lender responsibility breaches

Credit Contracts and Consumer Finance Act in focus again.

New Talisman in trading halt
Markets

New Talisman in trading halt

New Talisman Gold Mines has been placed in a trading halt because of its financial position.The mining company requested the halt, saying the board must meet “to consider the company’s current financial position and its strategic path forward”.“The board cannot reach a conclusion...