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NZ's Ubco raises $3.95 million to power electric farm bike
By Rebecca Howard May 19 (BusinessDesk) - Ubco, a New Zealand tech company that has designed an electric farm bike, successfully raised $3.95 million in funding in the US, Australia and New Zealand. US investors Bob and Ethan Ralston and US expansion and acquisition compan...

Briscoe to seek secondary listing on ASX to broaden investor base
By Paul McBeth May 19 (BusinessDesk) - Briscoe Group, the country's biggest listed retailer, will pursue a secondary listing on the Australian Securities Exchange next week in a bid to broaden its investor base. The Auckland-based company, which is about three-quarters own...

Powerhouse Ventures sells out of Syft
By Paul McBeth May 19 (BusinessDesk) - ASX-listed tech incubator Powerhouse Ventures has sold its 1.5 percent stake in Syft Technologies after deciding the investment was too small to hold much sway with the Christchurch-based gas analysis firm. Christchurch-based Powerhou...