News in Brief
News in Brief
Property
Goodman to pay $290m to bring management in-house
Performance fees cut, but long-term staff incentives will be retained under proposal.
ANZ eyeing up $250m perpetual preference share offer
ANZ Bank New Zealand is considering a perpetual preference share offer of up to $250 million.In an announcement to the debt market on Monday, the bank said the shares (PPS) would not have a fixed term and would remain on issue indefinitely if not redeemed by ANZ.“If certain condi...
Primary Sector
Bright Dairy appoints replacement director on Synlait board
Synlait’s major shareholder has appointed its deputy finance director, Tao Zhang, to the New Zealand stock exchange-listed debt-laden dairy company's board.He replaces Liu Ruibing, who was also chief financial officer of Bright Dairy Holdings and resigned from both positions...
Perpetual Guardian buys Trustees Executors' private wealth division
The deal will transfer high wealth clients to Perpetual Guardian.
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