Rakon boosts bank funding to meet increased telco demand
By Paul McBeth Dec. 12 (BusinessDesk) - Rakon has added $6 million to its cash working capital facility with ASB Bank, which it says will help meet the increased demands for telecommunications infrastructure. The high-tech components maker now has cash facilities of up to...
Underfunded Overseer farm management tool needs thorough review: Upton
By Paul McBeth Dec. 12 (BusinessDesk) - Simon Upton, the Parliamentary Commissioner for the Environment, wants the government to undertake a strategic review of the Overseer farm management tool, which has been hampered by under-funding since day one. Overseer is used by f...
Hallenstein Glasson wary of margin squeeze in second half
By Paul McBeth Dec. 12 (BusinessDesk) - Hallenstein Glasson Holdings is wary of a margin squeeze in the second half of the year in what it describes as tough trading conditions in New Zealand and Australia. The clothing chain won't provide earnings guidance until after the...
Britain's Apax wins over Trade Me, matching rival $2.56B offer
By Paul McBeth Dec. 12 (BusinessDesk) - British private equity firm Apax Partners has won over Trade Me's board, lifting its offer to match rival Hellman & Friedman's $2.56 billion. New Zealand's dominant online marketplace has agreed to a scheme of arrangement with Apax f...
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