Business
Services
Aroa to raise A$30m of new money in IPO across the Tasman
Aroa Biosurgery will raise up to A$30 million in an initial public offering across the Tasman to repay debt and expand its sales and manufacturing capacity. The Auckland-based soft-tissue regeneration company's existing shareholders will also sell another A$15 million of stoc...
Infrastructure
Wholesale power rethink needed - Flick
All electricity retailers should be required to buy their supplies through the spot power market and hedge markets to level an unfair playing field, Flick Electric says. The current market structure, in which generators are able to sell directly to their retail arms under fixe...
Services
Dunedin's CODE goes live for those who are game
Dunedin's Centre of Digital Excellence, launched eight months ago with the injection of $10 million in seed capital from government's provincial growth fund, is fast tracking its funding process and made its first funding tranche of $700,000 available yesterday. Tim Ponting, o...
Law & Regulation
Zoono fights US$390k distributor claim
Hand sanitizer maker Zoono, the covid-19 success story with a market cap of AU$485.93 million, is fighting a US$390,000 claim against its former Chinese distributor. The Auckland company founded by Paul Hyslop has won an early bout in the case, initiated in 2019 by Shanghai-ba...
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