NZX contemplates mistreating investors

NZX seems to be wanting to “go with the flow” to investor mistreatment. (Image: Getty)

Mon, 15 Aug 2022

Unfortunately, stock exchange operator NZX appears to want to “go with the flow” so to speak when it comes to placements and share purchase plans (SPPs), facilitating rather than discouraging them.It is also contemplating whether it should approve accelerated non-renounceable rights entitlement offers (Anreos).That’s a tricky one for NZX since the Australian stock exchange (ASX) allows them and NZX obviously doesn’t want to drive more New Zealand companies into choosing an ASX listing rather than their home exchange.&nbs...

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