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Jevic succeeds in takeover of Vehicle Inspection NZ after upping its offer
Feb. 11 (BusinessDesk) - Jevic New Zealand, the vehicle inspection firm, has won control of rival Vehicle Inspection New Zealand after upping its offer last month and winning support of the target’s directors. As of midday Jevic had received acceptances from holders of 95.8 per...
JB Hi-Fi sees first-half NZ sales fall 6 percent from RWC boom, profit gains
Feb. 11 (BusinessDesk) - Australian discount consumer electronics chain JB Hi-Fi's New Zealand sales fell 6 percent in the first half from a year-earlier result boosted by the 2011 Rugby World Cup, though it still managed to lift profit. Sales fell to $117.5 million in the six...
Lender runs out of patience, seeks $500k loan repayment from Allied Farmers
Feb. 11 (BusinessDesk) – Allied Farmers says it won’t be able to repay a $500,000 loan without support from its secured lender and may have to write off the asset it had planned to sell to make the payment. The Hawera-based company says it is “very surprised” by the statutory d...
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