Tougher admission rules to hit NZ companies with ASX listing plans

Wed, 20 Jul 2016

By Fiona Rotherham July 20 (BusinessDesk) - New admissions rules by the Australian Stock Exchange represent a new hurdle for the accelerating number of New Zealand companies listing across the Tasman. In the past three years, the number of kiwi companies either sole or dual-listing on the ASX has more than doubled to 46 and another half dozen or so are said to be following suit this year. There are 36 Kiwi companies dual-listed on the ASX compared to only eight Australian-based ones on the NZX. The rate of New Zealand companies listing...

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