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NZ markets regulator gives qualified tick to NZX for meeting obligations
By Jonathan Underhill June 29 (BusinessDesk) - NZX, the stock market operator, has been given a qualified tick for meeting its obligations under securities law by the Financial Markets Authority. The FMA cited three exceptions to NZX’s compliance, noting that the company says i...
SmartPay gets approval for ASX listing, capital raising
By Hannah Lynch June 29 (BusinessDesk) - Shareholders of SmartPay, the eftpos terminal company, voted in favour of a capital raising programme that will see it list on the Australian Stock Exchange. Shareholders were offered 11.5 cents apiece under a capital raising plan which...
Telecom drops Fitch from ratings coverage
By Hannah Lynch June 29 (BusinessDesk) - Telecom, the largest company on the NXZ 50, has dropped Fitch Ratings from its credit ratings line-up. The telecommunications company will continue to engage with ratings agencies Standard & Poor's and Moody's Investors Service for rati...
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