Subscribe today - find out more
Why you should consider BusinessDesk
Markets

Sharesies steps in for jilted Savor shareholders

Dan Brunskill
Tue, 20 Jul 2021

The listed-restaurant owner wants to clear a lot of small ex-Moa shareholders off its register. (Photo: supplied)
Dan Brunskill
Tue, 20 Jul 2021
Sharesies has volunteered to help some 800 Savor shareholders hold onto their investment after the listed restaurant owner announced it would compulsorily acquire any stake worth less than $1,000.The forced buy-out has left a sour taste in the mouth of investors who have been with the company since it listed as Moa Group in late 2012.One early backer, communications adviser Jonathan Hill, told BusinessDesk it was the end of a “very sad, sorry saga” having invested $2,000 in the initial public offering for the wannabe beermaker and c...

Use the information you’ve already given Google to create your subscription.

Not convinced yet?

Subscribe to our Daily News Update free newsletter.

Law & Regulation
David Henry firm moves into liquidation owing $400k
Brent Melville | Sat, 31 Jul 2021

Kinleith Land and Infrastructure moves into liquidation owing at least $400,000, liquidator looks to sell solar farm.

On the Money
On the Money: Chris Dunphy, Peter Wells' potential $250m payday, Banksy, Bridges, and more
Rebecca Stevenson | Sat, 31 Jul 2021

Which minister thought he was at a rave, who's cashing in on another potential IPO on the ASX, why wasn't anyone buying Banksy? And more.

Opinion FREE
Why it's hard to open a supermarket in NZ
Eric Crampton | Fri, 30 Jul 2021

Supermarkets' high profits should motivate a new competitor, if they're real. If the profits are there, what's stopping them?

Sponsored
How events can support a sustainable future

Sustainability has become a fundamental characteristic of a responsible business. It’s no longer just about “doing the right thing for the environment”, but now a much more holistic proposition where businesses have a real responsibility to embrace sustainable business practices - or risk being left behind.

Sponsored
5 trends as construction begins towards carbon neutrality

Carbon neutral trends emerging in engineering, procurement and construction across the globe indicate what we can expect in New Zealand over the next thirty years.