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Steel & Tube confirms guilty plea on steel mesh misrepresentation charges
Nov. 29 (BusinessDesk) - Steel & Tube Holdings has confirmed that it pleaded guilty to 24 charges laid against it by the Commerce Commission for making false and misleading representations about its steel mesh products. Interim chief executive Mark Malpass said in a statement...
New hurdles for rural and forest land sales to foreign buyers
By Pattrick Smellie Nov. 29 (BusinessDesk) - Foreign buyers of rural land will face tougher requirements to provide additional benefits to the New Zealand economy under new government directives to the Overseas Investment Office which also slash the size of farms covered by OI...
Synlait founder Penno to step down as CEO after 12 years, will remain a director
By Jonathan Underhill Nov. 29 (BusinessDesk) - Synlait Milk founder and chief executive John Penno is to step down after 12 years leading the Dunsandel-based milk processor, whose shares have almost tripled since listing in July 2013. Penno will step down in the next 12 mon...
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