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Fonterra buys NZ Dairies’ milk powder plant from receivers
May 18 (BusinessDesk) – Fonterra Cooperative Group has agreed to buy the South Canterbury milk powder plant of New Zealand Dairies, the Russian-owned company that went into receivership last month. No price was disclosed for the plant at Studholme, which can process about 150 m...
INM to delist NZX shares, haven't traded since 2007
June 15 (BusinessDesk) - Independent News & Media, the Irish parent of Australasia’s APN News & Media, is delisting shares which haven't traded on the New Zealand stock exchange since 2007. The locally listed shares last traded on Sept. 28 2007 for $5.30. INM will continue to l...
IRG full-year loss widens to $1.1 mln as costs rise; assets under review
June 15 (BusinessDesk) - Investment Research Group, the NZAX-listed financial advisory and media company, reported a wider full-year loss on rising compliance costs and accounting adjustments, while income was little changed. The loss was $1.14 million in the 12 months ended Ma...
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