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North Island Mussel Processors put into receivership by Sanford, Sealord
Sept. 5 (BusinessDesk) - North Island Mussel Processors is being placed in receivership after the owner of its one-third shareholder, Greenshell Investments, failed to pay $1.2 million in processing fees and associated debt. North Island Mussel made the headlines in 2009 when i...
Metro, North and South sold to Germans as Bauer buys ACP for A$500M
By Hannah Lynch Sept. 5 (BusinessDesk) - Metro and North & South, the Auckland-based magazines started in the 1980s, are getting new German owners after Bauer Media Group agreed to buy ACP Magazines from Sydney-based Nine Entertainment for a reported A$500 million. The sale is...
Paymark lifts annual profit by 17 percent on cost control, rising sales
Sept. 5 (BusinessDesk) - Paymark, the electronic payments company owned by New Zealand’s four biggest banks, lifted full-year profit by 17 percent as revenue rose and it kept costs under control. Profit rose to $9.6 million in the 12 months ended March 31, from $8.27 million a...
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