Court protection sought for late-comers to James Hardie leaky homes class action
Nov. 27 (BusinessDesk) - A law firm that has signed up more than 500 potential claimants for a lawsuit against building cladding maker James Hardie Industries has asked the High Court for a ruling on their status if denied the opportunity to take New Zealand’s first leaky homes c...
AFT Pharmaceuticals to raise $33.2 mln in IPO at $2.80 a share, list on NZX, ASX
Nov. 26 (BusinessDesk) - AFT Pharmaceuticals, the Auckland-based company whose products include Maxigesic pain medication and Maxiclear PE nasal decongestant, plans to list on the NZX and ASX next month after it has raised $33.2 million in an initial public offering. The compa...
Ruataniwha promoter seeks mix of equity, debt funding, sees long-term value in spot water
By Jonathan Underhill Nov. 26 (BusinessDesk) - Hawke's Bay Regional Investment Co, the developer and sponsor of the Ruataniwha Water Storage Scheme, says the $275 million project will be funded with a mix of equity and debt, and is likely to result in a secondary market for wa...
Arvida posts first-half profit of $7.4 mln, expects to beat full-year prospectus forecasts
By Jonathan Underhill Nov. 26 (BusinessDesk) - Arvida Group, which operates 21 retirement villages and aged care facilities, posted first-half profit of about $7.4 million, putting it on track to meet its prospectus forecast for full-year earnings. Arvida listed in December...
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