UPDATE: NZX rejects call for Pyne Gould delisting

Fri, 16 Oct 2015

(Recasts with NZX, FMA comment) By Tina Morrison Oct. 16 (BusinessDesk) - NZX, which runs New Zealand's main stock market, has rejected a suggestion from the NZ Shareholders Association that it should delist investment firm Pyne Gould Corp to protect the integrity of the market. The association has complained to NZX and the Financial Markets Authority regarding Pyne Gould's practices, but had been told that the market is informed and can make its own decisions, NZSA chairman John Hawkins said in a statement. Pyne Gould's shares have...

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