General Capital (GEN:NZ) Concludes Goodwill Discussions
MKTUPDTE
Thu, Nov 17 2022 09:50 am
Listed financial services group General Capital (GEN:NZ) advises that its representatives have held discussions with the FMA.
Managing Director, Brent King, said:
“We received a letter from FMA asking GEN to be more detailed in recording the inputs and assumption used in the discounted cash flow model used in respect of the goodwill and intangible calculation for Investment Research Group Limited. The Directors are confident the correct processes have been followed in previous audited financial statements and this has been conveyed to the FMA. We understand that the matter is at an end as far as the FMA is concerned.”
For further information contact:
Brent King
Managing Director
General Capital Limited
+64 21 632 660
[email protected]
17 November 2022
END
Announcement PDF
Markets News
Markets
Market Close
NZX 50 dips despite Fletcher Building's 4.6% gain
Pacific Edge shares gained after it said it got a step closer to Medicare approval.
Primary Sector
The dealmakers behind Fonterra’s $4.2b Mainland sell-off
The lawyers and bankers who made the deal.
Finance
Banks revise economic outlooks for Q2 GDP contraction
Economists now see NZ's GDP contracting in Q2, but doubt a technical recession in Q3.
