Syft struggles to meet demand as turnaround gathers pace

Tue, 16 Aug 2016

By Pattrick Smellie Aug. 16 (BusinessDesk) - Christchurch-based gas analysis equipment maker Syft Technologies says demand for its high-tech instruments is starting to outstrip production capacity as the firm's recovery from bankruptcy in 2012 gathers pace. Listed on the ShareMart platform and trading most recently at 4.5 cents a share, Syft directors gained approval at a heavily attended annual meeting for a plan to institute a minimum holding of 40,000 shares, followed by a plan to consolidate the current issued shares on a 20-to-1 rati...

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