News in Brief
News in Brief
Australian mining investor eyes $53m backdoor listing
Australian mining investor All Industrial Network plans to list on the NZX via a reverse listing of Aorere Resources.AIN was set up last year to buy Queensland mining support and services provider SMW Group and BAE Engineering. Those two firms collectively employ almost 400 staff...
Enprise to raise $1.1m
Tech company investor Enprise Group wants to raise $1.1 million in a one-for-six pro-rata renounceable rights offer to shore up its balance sheet and lift its investment in IT reseller, iSell.The rights will be tradeable between April 15 and April 28, and will give investors the...
FMA warns Tiger Brokers
The Financial Markets Authority has issued a formal warning to NZX-accredited broker Tiger Brokers (NZ) Ltd after finding reasonable grounds to believe it had breached anti-money laundering rules.The Queen Street-based online broker must prepare and submit a plan to the regulator...
Weaker kiwi softens drop in commodity prices
New Zealand commodity prices fell 2.1 percent in March, with weaker dairy and aluminium prices leading the way, according to the ANZ commodity price index.While the index has dropped 8.3 percent over the past four months as the world grapples with the covid-19 pandemic, a weaker...
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