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Renaissance sells IT distribution unit to Exeed, halving balance sheet
By Hannah Lynch June 21 (BusinessDesk) - Renaissance Corp, which used to have a monopoly on national distribution of Apple products, will sell its IT distribution division to Exeed Limited, halving the size of its balance sheet. IT distributor Exeed will take over the distribu...
Metlifecare amends merger deal again, halves shares to Vision, may sell property
By Jonathan Underhill June 21 (BusinessDesk) - Metlifecare has amended the terms of its merger proposal again, halving the shares it will issue to Vision Senior Living and flagging possible property sales as a way to repay debt rather than raising equity from third parties. The...
Zintel sells service company Cogent to private investors for $1 mln
By Hannah Lynch June 21 (BusinessDesk) - Zintel Group, the NZAX-listed telecommunications company, has announced the sale of its subsidiary company, Zintel Cogent, for $1 million effective July 2. The telecommunications service company was acquired by Zintel in October 2008. I...
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