HydroWorks to raise another A$1.5M ahead of ASX listing next year
By Paul McBeth Sept. 29 (BusinessDesk) - HydroWorks, a Christchurch-based hydro-electricity turbine innovator, is going across the Tasman to raise A$1.5 million, having just raised the almost same amount in New Zealand, ahead of an ASX listing slated for the first quarter of n...
Plexure's annualised revenue rises to $7.1M, mulls capital raise
By Paul McBeth Sept. 29 (BusinessDesk) - Plexure Group, the digital advertising firm formerly known as VMob, has increased annualised committed monthly revenue (ACMR) by almost a third with a view to reaching $10 million mark by the end of the year, and is considering raising...
RBNZ to pay $140 million dividend from FX gains in greener years
By Paul McBeth Sept. 29 (BusinessDesk) - The Reserve Bank will pay a $140 million dividend to the government, using up some of the near $1 billion of investment gains built up from prior years. The central bank paid a $510 million dividend to the government in 2015, a year...
CBL to raise up to $63 mln to accelerate expansion plans
By Paul McBeth Sept. 29 (BusinessDesk) - CBL Corp, which sells credit surety and financial risk insurance, plans to raise up to $63 million in a share placement to institutional investors and a share purchase plan, giving it more headroom to pursue growth opportunities. Th...
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