NZ Rural Land Co climbs 4.8% on debut

NZ Rural Land Co climbs 4.8% on debut
Paul McBeth
New Zealand Rural Land Co climbed 4.8 percent in its NZX debut, in the last new listing of 2020.The rural land investor traded at $1.31 in its first trade, up from the $1.25 initial public offering price. The company sold 60.5 million shares, raising $75.6 million, including $750,000 from NZX-listed rural services firm Allied Farmers, which bought half NZ Rural Land Co’s management contract. The stock recently traded at $1.30 with about 42,000 shares changing hands in the first 10 minutes.NZ Rural Land Co wanted to raise as much as $150 m...

More Primary Sector

Zespri on track for 'moderate increase' in volume next year
Primary Sector

Zespri on track for 'moderate increase' in volume next year

Zespri's producer vote to expand global supply passed this week.

Riley Kennedy 12 Dec 2024
Yashili NZ revenue dropped 42%
Primary Sector

Yashili NZ revenue dropped 42%

The Chinese-owned dairy processor’s accounts were due in May.

Riley Kennedy 12 Dec 2024
Zespri growers vote in favour of expanding global supply
Primary Sector

Zespri growers vote in favour of expanding global supply

Zespri’s growers have voted to support the expansion of the kiwifruit marketer’s global supply.A total of 90.6% of voting growers and 93.3% by fruit weight voted in favour of the resolution, which will allocate up to 420 hectares of SunGold fruit per year over six years in Italy,...

Riley Kennedy 11 Dec 2024