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China's RIFA signs takeover deed for aviation firm Airwork with major shareholder
By Fiona Rotherham Oct. 4 (BusinessDesk) - Chinese company Zhejiang Rifa Holding Group (RIFA) has entered a takeover lock-up deed with the major shareholders in specialist aviation company Airwork Holdings at $5.40 per share. Under the pre-bid deed, RIFA has agreed to make...
NZ businesses more optimistic in September, shrugging off profit squeeze
By Paul McBeth Oct. 4 (BusinessDesk) - New Zealand businesses were more optimistic about the state of the economy and their own activity in the September quarter, even as their profits were squeezed by rising costs and an inability to hike prices. A seasonally adjusted net...
Insurer Youi fined maximum $100,000 by Insurance Council for dodgy sales tactics
By Fiona Rotherham Oct. 4 (BusinessDesk) - South African-owned insurer Youi has been fined the maximum financial penalty of $100,000 by the Insurance Council following a disciplinary process over misleading sales practices and has been warned any future misconduct will risk it...
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