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Argosy Property to raise $87M in 1-for7 rights issue at 89 cents apiece

Argosy Property to raise $87M in 1-for7 rights issue at 89 cents apiece

July 1 (BusinessDesk) – Argosy Property plans to raise about $87 million in a rights issue to repay bank debt used to acquire properties this year. The company plans to sell shares at 89 cents apiece in a one-for-seven renounceable offer, it said in a statement. The offer is un...

01 Jul 2013
UPDATE NZ shares fall 0.3 percent after trading resumes following glitch

UPDATE NZ shares fall 0.3 percent after trading resumes following glitch

July 1 (BusinessDesk) - The NZX 50 index fell 0.3 percent after trading on New Zealand’s stock market resumed after a three-hour outage over connectivity issues. The benchmark index dropped 14 points when markets reopened at 3pm in New Zealand, and was recently at 4413.521, dow...

01 Jul 2013
UPDATED NZX trading halted until stock exchange confident it will work

UPDATED NZX trading halted until stock exchange confident it will work

July 1 (BusinessDesk) - All trading on New Zealand’s stock market has been halted due to technical issues in the second major outage this year and won’t resume until the exchange operator is confident it will work. The NZX experienced connectivity issues on a number of its sys...

01 Jul 2013