Govt to make bigger contribution to ACC non-earners
The government will pay more into Accident Compensation Corp’s non-earners’ account, which covers injury costs for people who don’t earn or pay levies, such as children, students and retirees. Last month’s budget lifted the government’s contribution by $285 million to $1.76 billi...
Zuellig sells $323m Ebos stake
Zuellig Group sold 9.2 percent of Ebos Group for $323 million in a block trade.Subsidiary Sybos sold 15 million Ebos shares in an underwritten block trade managed by Citigroup at $21.52 a share. The Zuellig unit initially took a 40 percent stake in Ebos in 2013 as part of a $1.1...
Abano board puts takeover on backburner
Abano Healthcare’s board doesn’t intend on pursuing a sale and is weighing up options to shore up its capital structure. The dental clinic operator last week confirmed it had received two new takeover offers at $3 and $3.25 per share from BGH Capital and the Ontario Teachers’ Pen...
Max landlords agree to rent haircut
Landlords of struggling retailer Max Fashions have agreed to a rent haircut, enabling the company to trade on, albeit with a much smaller footprint. The owners of the women’s fashion brand decided to restructure, having barely received any revenue during the covid-19 lockdown. It...
Prev
