News in Brief
News in Brief
News in Brief
Auckland council won't participate in airport equity raising
Auckland Council won’t participate in Auckland International Airport’s $1.2 billion equity raising. “No, we have a limit on what we can borrow, and we have a huge demand on capital investment and infrastructure,” Mayor Phil Goff told Radio New Zealand.According to Goff, it mean...
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...
News in Brief
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...
News in Brief
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...
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