USX hopes Takeovers Code exemption will lead to more listings

USX hopes Takeovers Code exemption will lead to more listings
Jenny Ruth
Alternative stock exchange operator USX is hoping a law change passed last month will attract more companies to list on its trading platform.The law change exempts companies with less than $30 million in total assets and/or turnover below $15 million from having to comply with the Takeovers Code.Between 2006 and now, any company with 50 or more shareholders was subject to the code, a definition that captured most if not all USX issuers.The law change came after the Takeovers Panel decided the costs of complying with the code are unlikely to be...

More Markets

RBNZ rate call gives NZ stocks a boost
Markets Market close

RBNZ rate call gives NZ stocks a boost

The S&P/NZX50 index ended at 11,763.32, up 68.71 points or 0.59%.

Skincare brand Me Today to sell King Honey as losses climb
Markets

Skincare brand Me Today to sell King Honey as losses climb

Former Trilogy CEO Stephen Sinclair will take the helm.

Meridian reports increased sales and higher prices
Markets

Meridian reports increased sales and higher prices

Net profit after tax was $ 191 million, $10m or 5% down on the same period last year.

Spark reports profit drop of 4.8%
Markets

Spark reports profit drop of 4.8%

But telco has reaffirmed its full-year guidance.