Alliance Group, the country’s only fully farmer-owned meat co-operative, is going to its farmer-shareholders for more capital. The move comes after the co-op reported a $70 million loss in its most
Starting a business is an exciting journey. However, one of the critical challenges every startup owner faces is obtaining the necessary capital to fuel growth. Initially, founders typically rely on
Air New Zealand’s comprehensive recapitalisation plan is a sprawling beast that must accommodate its large number of retail shareholders, but it is kinda complicated. Here’s what you need to know
A former Treasury staffer whose actions cost investors at least $80 million has been sentenced to eight-and-a-half years’ imprisonment for fraud. Penrich Capital founder Kelly Tonkin, 52, was senten
The first social houses financed under an innovative new model have been completed in Auckland, with tenants due to move in shortly. Using capital from cornerstone investors Alvarium and KiwiSaver pr
Undertaking new projects like the controversial Tarras airport development or an expansion of Lyttelton port has become significantly harder – potentially insurmountable – after a call by Christch
Fast-growing digital customs software firm Trade Window was tight-lipped about the capital-raising activity required before the company runs out of cash in March. In its half-yearly accounts, publis
Global trade software firm TradeWindow has topped up with $500,000 of new capital to secure terms with its bankers for new lending arrangements. In an announcement to the New Zealand stock exchange (
PaySauce has completed the final instalment of its $5.8 million capital raising. The payroll software company today issued the remaining 1.65 million shares - two weeks earlier than expected - to brin
Medicinal cannabis provider Cannasouth says it needs to raise capital due to its “constrained cash position”. The Waikato-based firm has struggled to make money as it waits for its medicinal canna
By Matthew Brooker Notting Hill, home of celebrities and the setting for one of the most saccharine romantic comedies ever made has a new public role: poster child for the absurd unevenness of the B
Ascension Capital’s bid to tap into the artificial intelligence hype will improve its position, but independent shareholders will be “significantly diluted”, according to a report from Armillary
The largest bus operator in New Zealand and Australia is expected to hire investment bank advisers this month to conduct a strategic review of its business and seek outside capital partners. As report
Ascension Capital Ltd, formerly TRS Investments Ltd, is a New Zealand-based investment holding company. The company operates in the asset management industry, focusing on obtaining a transaction to ac
By Gavin Evans Jan. 14 (BusinessDesk) - Chatham Rock Phosphate says it will need to seek additional working capital to maintain “operating momentum” while it advances its proposed merger with Capi
A stoush between Cannasouth and its secured convertible note holders moved the medicinal cannabis firm into a trading halt on the New Zealand stock exchange (NZX) on Tuesday. Cannasouth said it had as
By Jenny Ruth March 14 (BusinessDesk) - Final decisions on the Reserve Bank’s proposed capital requirements for banks won’t be made until the September quarter but they are already having an impa
Purpose Capital is investing heavily in solar power but that isn’t stopping its founder and executive director Bill Murphy from calling for stronger action on addressing climate change. He told Bus
Metro Performance Glass chief executive Simon Mander has quit after the company failed to find a buyer for its Australian business. The NZX-listed company, which has a market cap of less than $17 mill
Digital customs and verification software provider TradeWindow is looking for $2.2 million in its latest attempt to raise fresh capital. The raise seeks up to a $2m placement of newly issued shares t
The Reserve Bank of New Zealand is disputing the Commerce Commission’s analysis of its prudential capital settings for banks and its recommendation to review them. Deputy governor of the Reserve Ban
Mobile advertising technology company Goodwood Capital Limited was incepted in 2010. It offers a full suite of mobile creative, content and technology services, empowering the world's leading brands a
By Stuart Trow The most unfortunate thing about the unedifying squabble in the UK over the sale by the Labour party deputy leader of her former council house is that it has politicised a useful and ef
General Capital Limited is a financial services group with two wholly owned subsidiaries; General Finance, a Non Bank Deposit Taker that accepts deposits from the public and it lend funds to borrowers
New Zealand stock exchange-listed waste management company, WasteCo, is undertaking a share placement to selected NZ wholesale investors to raise capital. When the South Island-headquartered company l
Third party data: All data displayed on the FundSource pages (Data) on BusinessDesk has been sourced from an independent third party, FE Fundinfo. NZME and its related bodies corporate and affiliates (together NZME) do not make any representation as to the currency, fairness, accuracy, completeness or reliability of the Data. Nor will NZME have any liability to any person in relation to the use of or reliance on the Data.
No financial or investment advice: The Data is general information only. It is not financial product or investment advice or an investment recommendation, and has not been prepared taking into account the objectives, financial situation or needs of any person. Potential investors should seek their own independent advice from a qualified financial adviser prior to making an investment decision. NZME makes no recommendation in relation to, and accept no responsibility or ongoing liability for, any person’s investment decisions.
No offer: The Data is only to be accessed by New Zealand residents from within New Zealand, and may not be copied or distributed to any other person. The Data does not constitute an offer or solicitation to offer financial products or conduct investment business in New Zealand or any other jurisdiction.
No guarantee: Past performance information should not be relied upon as (and is not) a promise, representation, warranty or guarantee as to the past, present or future performance. NZME does not guarantee repayment of any capital or payment of any returns on capital invested in the investments referred to in the Data.
Missing data? All data comes from FE fundinfo. BusinessDesk can help you get your data loaded and updated. Email [email protected] for help.