UPDATE: O:Tu winemaker Marlborough Wine Estates to join NXT

Thu, 23 Jun 2016

(Clarifies price with comment from NXT adviser in lead, 2nd graph) By Paul McBeth June 23 (BusinessDesk) - Marlborough Wine Estates Group, the Chinese-owned maker of O:Tu and Music Bay wine brands, will join the NXT market next week in a compliance listing valuing it at $58.7 million. The Auckland-based company will list 293.3 million shares on June 30 in a compliance listing on NXT, which Tim Preston, a director of NXT Adviser CM Partners, said was at 20 cents a share. The winemaker's listing document has been approved in principle a...

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