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Mega raises another $2.98 mln from shareholders, further diluting minorities

Paul McBeth
Wed, 04 Nov 2015

By Paul McBeth Nov. 4 (BusinessDesk) - Mega, the file storage and encryption firm, raised another $2.98 million from shareholders, flooding its register with new stock and effectively giving its two biggest shareholders the ability to force a sale. The Auckland-based company's two biggest shareholders now own more than three-quarters of Mega, passing the threshold needed to trigger a mandatory sale by all investors if they agree to a cash or non-cash offer through Mega's drag-along rights. Those rights were introduced when the company's c...

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400 trainee pilots allowed into NZ
Brent Melville | Sat, 23 Oct 2021

Pilot trainees will make up 40% of the latest cohort of international students allowed in from mid-2022, with an assumption that tight border rules will still be in place.

Technology FREE
Review: NuraTrue, the earbuds that listen to you
Henry Burrell | Sat, 23 Oct 2021

Personalised audio at a relatively affordable price point. It's a winning combination.

On the Money
On the Money: IRD's rich list, Damian O'Connor's FTA in MIQ, and more
Rebecca Stevenson | Sat, 23 Oct 2021

OTM this week: what does Inland Revenue consider rich, why was Damian O'Connor absent from the FTA celebrations, which new car is triggering FOMO amongst the Remuera Tractor set, and more.

Decarbonising infrastructure – navigating an abundance of policy and analysis

We have a rare opportunity to align significant public infrastructure investment with urgent climate change reform, but time is short and we all need to act.

Let's not lose sight of the wood for the trees

As much generation will need to be built in the next 14 years as has been built in the last 40+ years for Aotearoa to meet its commitment of achieving net zero emissions by 2050.