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Wynyard to raise $30M in deeply discounted rights offer; shares tumble 37%
By Jonathan Underhill Feb. 24 (BusinessDesk) - Wynyard Group, the crime-fighting and security software developer, plans to raise about $30 million in a one-for-four renounceable rights offer at 85 cents a share, a 55 percent discount to its last trading price and well below th...
Summerset lifts earnings 55% in 2015; plans to double size in six years
By Paul McBeth Feb. 24 (BusinessDesk) - Summerset Group lifted annual underlying earnings 55 percent in 2015 as the country's third-biggest retirement village operator by market value generated more sales after opening new sites and said it wants to double its national footpri...
Macquarie Securities (NZ) fined $40k, censured over client error in Westpac trading
By Jonathan Underhill Feb. 24 (BusinessDesk) - Macquarie Securities (NZ) has been fined $40,000 and publicly censured by the New Zealand Markets Disciplinary Tribunal after a client mistakenly placed orders to buy Westpac Banking Corp shares on the NZX instead of the ASX, caus...
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