Greenheart NZ to buy Northland Forest Managers for $1.5 million
By Paul McBeth Jan. 8 (BusinessDesk) - Greenheart Group has signed a conditional deal to buy Northland Forest Managers (1995) for $1.5 million as the Hong Kong-listed owner of Northland's Mangakahia forestry estate looks to expand its New Zealand interests. Greenheart yest...
NZ shares drop as fears over China envelop global markets
By Paul McBeth Jan. 8 (BusinessDesk) - New Zealand shares fell for a fourth day as fears over China's economy continue to cloud global markets, sapping investor appetite for riskier assets such as equities. The S&P/NZX 50 index dropped 1.4 percent to 6125.73 at midday in W...
NZ dollar falls as Chinese share trading suspended again
By Paul McBeth Jan. 7 (BusinessDesk) - The New Zealand dollar fell as the suspension of trading on Chinese share markets for a second time this week stoked fears about the strength of the world's second-biggest economy and the impact on its trading partners. The kiwi trade...
Summerset lifts annual sales 26% in 2015 on new developments
By Paul McBeth Jan. 7 (BusinessDesk) - Summerset Group lifted occupation rights sales 26 percent in 2015 as the retirement village operator and developer benefited from an expanding foot print across the country, which will continue this year. The Wellington-based company...
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