Chow Group never tapped the public for capital after buying listed shell in 2016
By Jonathan Underhill June 1 (BusinessDesk) - Chow Group went public in 2016 through a reverse listing with big plans to raise capital to bankroll a portfolio of accommodation and hotels but two years on it hasn't sought funds and will go private again. Officially the liste...
DB pays $30.5M for Tuatara in year of small sales growth, flat margins
By Paul McBeth June 1 (BusinessDesk) - DB Breweries paid $30.5 million for Kapiti boutique beer maker Tuatara Brewing Co last year as the country's major liquor companies beef up their craft beer credibility to reach consumers with a taste for high-end brews. The Auckland-b...
OIO clears two yet-to-be announced deals involving public companies
By Paul McBeth May 31 (BusinessDesk) - The Overseas Investment Office has signed off on two deals involving public market transactions that have yet to be announced, although both involved domestic law firm Bell Gully. The foreign investor screening unit consented to both...
Oceania Natural to quit NXT, in talks with investors to raise capital
By Paul McBeth May 31 (BusinessDesk) - Oceania Natural will quit NZX's NXT market next month, pending shareholder approval, after two years on the bourse for minnows, saying the cost of staying listed is too much relative to its revenue. The Auckland-based company was the...
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