Rangatira full-year operating earnings rise 23%, raises dividend
June 8 (BusinessDesk) - Rangatira, the diversified investor whose shares trade on the Unlisted platform, posted a 23 percent gain in full-year operating earnings and raised its final dividend. Earnings rose to $11.5 million in the year ended March31, from $9.2 million a year e...
Yili's Oceania Dairy narrows full-year loss as production ramps up, sales surge
By Jonathan Underhill June 8 (BusinessDesk) - Oceania Dairy, the South Canterbury-based dairy company owned by China's Inner Mongolia Yili Industrial Group, narrowed its annual loss as sales quadrupled from its processing facility at Glenavy. The loss was $16.3 million in c...
Sky TV, Vodafone in talks about a potential merger of their New Zealand assets
By Jonathan Underhill June 8 (BusinessDesk) - Sky Network Television said it's talking with Vodafone Group about potentially combining their New Zealand assets. The nation's biggest pay-TV company said it made the brief statement following recent media speculation. The NZ H...
Institutions pay small premium to mop up remaining shares in SkyCity capital raising
By Jonathan Underhill June 8 (BusinessDesk) - Institutional investors have paid a small premium to mop up remaining SkyCity Entertainment Group shares that weren't taken up in the casino company's one-for-10, $263 million capital raising. Retail shareholders took up about $...
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