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SFO charges ex-NZ Wine Co boss Scutts over $64k of alleged kick-backs
Sept. 3 (BusinessDesk) - Peter Scutts, the former chief executive of New Zealand Wine Co, appeared in the Auckland District Court today, facing charges laid by the Serious Fraud Office over $64,000 in alleged kick-back payments. Scutts has been charged with 16 Crimes Act charg...
Utilico sells Tourism Holdings stake for $5.7 mln
Sept. 3 (BusinessDesk) - Utilico Investments, a UK investor managed by Infratil director Duncan Saville’s ICM, has sold its 8.6 percent stake in rental campervan operator Tourism Holdings for some $5.7 million. The firm sold about 8.4 million shares on market yesterday, accord...
Precinct seeks up to $70 mln in placement, share purchase plan to repay debt, fund growth
By Paul McBeth Sept. 3 (BusinessDesk) - Precinct Properties, formerly known as AMP NZ Office, wants to raise up to $70 million through an underwritten placement and share purchase plan to repay bank debt and give it headroom to fund growth. The Auckland-based company will rais...
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