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Cayman Islands-owned Mangakahia Forest lists harvest by 60 percent , sales up 35 percent
May 28 (BusinessDesk) – Greenheart NZ Forestry, the Northland forester whose ultimate owner shifted from failed Sino-Forest Corp to a Cayman Islands based company this year, has lifted its annual harvest by 60 percent and sales by 35 percent, its 2012 accounts show. Greenheart...
FMA in talks to cut deal with Strategic Finance directors, receiver still seeks settlement
By Paul McBeth May 28 (BusinessDesk) - The Financial Markets Authority is in talks with the board of failed lender Strategic Finance in a bid to cut a deal, while the receiver for the financier has extended its own settlement discussions. The market watchdog, which in Februar...
Energy Mad posts wider-than-expected annual loss of $2.5 million after bulb delays crimp sales
By Tina Morrison May 28 (BusinessDesk) – Energy Mad, which has twice downgraded its 2013 earnings expectations, today posted a wider-than-expected loss of $2.5 million after design, manufacturing and production problems crimped sales. Energy Mad, which listed in late 2011, had...
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