Zintel to return funds to shareholders, prepares to delist

Fri, 31 Aug 2012

By Hannah Lynch Aug. 31 (BusinessDesk) - Zintel Group, the NZAX-listed telecommunications company which sold its subsidiary Cogent in July, will sell the rest of its businesses and pay out shareholders as it prepares to delist from the New Zealand stock exchange. The Auckland-based company will sell its Commit Services unit and pursue its claim against VeriFone for terminating a New Zealand distribution agreement before winding itself up and delisting, it said in a statement. "We have achieved good value for shareholders, certainly well in...

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