Dual-listed Australian gold miner Santana Minerals has announced an A$63 million ($69m) capital raise, including a fully underwritten placement for gross proceeds of A$60 million. The placement includ
A $50 million capital raise to fund a major expansion to a private hospital in Christchurch was oversubscribed by 30% and closed within weeks. Mainland Capital, a Christchurch-based investment manager
Australasian venture capital firm Paloma Capital is embarking on an A$25 million (NZ$27.6m) Fund II capital raise. The fund will go towards 14 to 18 new and breakout companies over three years from th
"Okay, God, you want me to talk to you? Please send me a sign!" This is a quote from the movie Bruce Almighty, which features Jim Carrey as the lead. It’s a solid 8/10. After he yells this into hi
The Reserve Bank of New Zealand is preparing to backtrack on its implementation of capital adequacy ratios championed by its recently departed governor, Adrian Orr. Appearing before a select committee
Global insurance brokerage giant Arthur J Gallagher & Co (AJG) has expanded its New Zealand footprint by acquiring financial advisory firm First Capital Financial Services (First Capital). AJG, one of
Soul Capital was quick to see the potential for artificial intelligence-generated sign language. The venture capital company realised Auckland software developers Kara Technologies perfectly fit its i
Minister of Commerce and Consumer Affairs Andrew Bayly is proposing a raft of changes to New Zealand’s capital markets regime, including assisting KiwiSaver funds in making direct investments and re
Under the trans-Tasman Mutual Recognition agreement, Australian-registered managed investment schemes gain almost free entry into the New Zealand market. And as the top Australian financial regulator,
PaySauce has completed the final instalment of its $5.8 million capital raising. The payroll software company today issued the remaining 1.65 million shares - two weeks earlier than expected - to brin
Mercury NZ is offering up to $300 million of unsecured, subordinated capital bonds to institutional investors and New Zealand retail investors. The offer opens today June 27, with the Capital Bonds ex
By Gavin Evans Jan. 14 (BusinessDesk) - Chatham Rock Phosphate says it will need to seek additional working capital to maintain “operating momentum” while it advances its proposed merger with Capi
Dual-listed Santana Minerals is on a trading halt while it “considers and executes” a proposed capital raise. The trading halt will remain in place until it makes an announcement to the market
This story has been generated using AI with editor oversight, as part of a trial. The Financial Markets Authority (FMA) is continuing its investigation into Senior Trust Capital (STC), a financier i
By Jenny Ruth March 14 (BusinessDesk) - Final decisions on the Reserve Bank’s proposed capital requirements for banks won’t be made until the September quarter but they are already having an impa
A capital raise and cost cuts have helped Paper Plus New Zealand refinance and return it to the right side of the ledger. Paper Plus NZ, which operates as a co-operative and acts as the retailer’s f
Mobile advertising technology company Goodwood Capital Limited was incepted in 2010. It offers a full suite of mobile creative, content and technology services, empowering the world's leading brands a
Sydney-based private equity firm Mercury Capital is offering to buy a 25-30% shareholding in Forsyth Barr from its shareholders, Forsyth Barr said in a statement. The offer is subject to shareholder a
General Capital Limited is a financial services group with two wholly owned subsidiaries; General Finance, a Non Bank Deposit Taker that accepts deposits from the public and it lend funds to borrowers
Ascension Capital Ltd, formerly TRS Investments Ltd, is a New Zealand-based investment holding company. The company operates in the asset management industry, focusing on obtaining a transaction to ac
A $6.5 million public research project into low-emission steel production is preparing to go commercial and tap into private funding for expansion. A materials science team led by Paihau-Robinson Rese
Kiwibank’s plans for an up to $500 million capital raise to wrangle market share from its gorilla Australian rivals has failed to inspire potential investors, BusinessDesk has been told. Possible ba
New Zealand should seriously look at introducing a capital gains tax as a means to nix the house-price affordability crisis, says a senior executive at the country’s biggest mortgage lender. The com
A former Treasury staffer whose actions cost investors at least $80 million has been sentenced to eight-and-a-half years’ imprisonment for fraud. Penrich Capital founder Kelly Tonkin, 52, was senten
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