Zespri shares up 10% on SunGold licencing announcement

Mon, 28 Nov 2016

By Edwin Mitson Nov. 28 (BusinessDesk) - Zespri shares have jumped 10 percent in response to the kiwifruit marketer's announcement that it will sell licences for another 400 hectares of the SunGold variety next year, with a further 400ha to be released in 2018, 2019 and 2020 subject to the product's performance and global demand. The member-owned company has shares that trade on the Unlisted platform and were halted last week ahead of the announcement. The shares had traded at $3 prior to the announcement but had a busy day today wit...

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