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Heartland to buy ‘home equity release’ business for $87M, to raise $20M from shareholders
Feb 14 (BusinessDesk) – Heartland New Zealand, which gained a banking licence just over a year ago, has agreed to buy a ‘home equity release’ mortgage business from buyout firm Quadrant Private Equity for $87 million in cash and shares and plans to raise $20 million of that from...
Synlait bolsters testing of milk in wake of Fonterra’s WPC scare last year
By Suze Metherell Feb. 14 (BusinessDesk) – Synlait Milk, the dairy processor which counts China’s Bright Dairy Food as a cornerstone shareholder, says costs for its planned expansion of its laboratory and administration will more than double as it allows for expansion and ramps...
Vital Healthcare posts 48 percent gain in 1H earnings, signals further development potential
By Tina Morrison Feb. 14 (BusinessDesk) – Vital Healthcare Property Trust, New Zealand’s largest listed medical and healthcare property investor, posted a 48 percent gain in first-half earnings as it gleaned extra income from acquisitions, new developments, rental increases and...
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