Rakon buys stake in Australian start-up Thinxtra for A$800,000
By Paul McBeth Dec. 18 (BusinessDesk) - Rakon, the high-tech components manufacturer, has bought an 11 percent stake in Australian start-up Thinxtra for A$800,000, seeking exposure in expanding machine-to-machine (M2M) connectivity, known as the Internet of Things (IoT). T...
Serko halts share trading to raise funds in 'targeted placement'
By Paul McBeth Dec. 18 (BusinessDesk) - Serko, the online travel booking company which has downgraded its earnings guidance twice this year, has halted trading in its shares to raise funds in a "target placement". Last month, the company said it was looking at raising new...
Regulator pushes out Z's bid to buy Chevron assets to end of April
By Paul McBeth Dec. 18 (BusinessDesk) - The Commerce Commission has delayed its decision on whether to approve Z Energy's application to buy Chevron New Zealand's service station chains until the end of April, adding about $10 million to the cost of the acquisition. The re...
Vodafone cuts off reseller Intagr8
By Paul McBeth Dec. 17 (BusinessDesk) - Vodafone New Zealand, the country's biggest mobile phone operator, has cut off commercial telecommunications reseller Intagr8 after protracted payment negotiations fell over. Auckland-based Vodafone terminated its wholesale service t...
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