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Pyne Gould says Torchlight Fund No 1, put in receivership by Sydney-based Wilaci, is 'an old shell'
By Jonathan Underhill June 12 (BusinessDesk) - Pyne Gould Corp., the asset management firm controlled by South Island entrepreneur George Kerr, says the Torchlight Fund No 1 LP, which was placed in receivership by a company associated with WorleyParsons chairman John Grill, is...
Goodman Fielder plans $27M upgrade of Christchurch milk factory to meet Asian demand
By Tina Morrison June 12 (BusinessDesk) - Goodman Fielder, the Australian food ingredients maker, will spend $27 million to expand its Christchurch ultra heat treated milk plant, giving it additional capacity to meet increased demand for its Meadow Fresh brand in Asia. Work...
Crown agrees $100 mln package for Hawke's Bay and Gisborne iwi
By Pattrick Smellie June 12 (BusinessDesk) - The government's programme of completing Treaty of Waitangi claims continues, with the announcement of a settlement package valued at $100 million for the iwi and hapu of Te Wairoa, covering seven clustered groups in northern Hawke'...
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