Scales mulls mid-July NZX debut

Mon, 02 Jun 2014

By Suze Metherell June 3 (BusinessDesk) - Scales Corp, the fruit and vegetables logistics group controlled by private equity firm Direct Capital, says it is considering listing on the New Zealand stock exchange. It will release a prospectus mid-June and expects to debut on the main board by mid-July, the Christchurch-based company said in a statement. New shares will be issued by the company while Direct Capital, along with co-investors ACC and the New Zealand Superannuation Fund, will sell down some of its 84 percent shareholding, but re...

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