O:Tu winemaker Marlborough Wine Estates trades on NXT; eyes Asia, US expansion

Thu, 30 Jun 2016

By Sophie Boot June 30 (BusinessDesk) - Marlborough Wine Estates Group, the Chinese-owned winemaker, rose 35 percent in its NZX debut after a compliance listing on the NXT market. The Auckland-based maker of O:Tu and Music Bay branded wines first traded at 27 cents and recorded a second trade at 28 cents after listing at 20 cents. The company, which has 293.3 million shares listed on the NXT, is controlled by executive chairman Min (James) Jia, who directly owns 91 percent and a further 8.6 percent through MPMB Trustee Ltd. Some 15,000 sh...

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