Dublin-registered but historically Australian building materials supplier James Hardie Industries plc has failed in an attempt to limit, to local subsidiaries, a court action over defective cladding taken by 5 Metlifecare retirement village companies & individual unit owners.
Securities - NZ
Property Managers Group has closed its $20 million PMG Direct Office Fund capital-raising fully subscribed.
First NZ Capital Holdings Ltd (FNZC), which said a month ago it would revert to the name of founder Ron Jarden, has taken naming rights on 21 Queen St, currently called Zurich House.
Precinct Properties NZ Ltd has borrowed $US110 million ($NZ162.8 million) for 10- & 12-year terms through a US private placement (USPP) issue.
Veritas Investments Ltd subsidiary The Better Bar Co Ltd has gone unconditional on its acquisition of Union Post, a pub in the Ellerslie town centre, and expects to settle next Monday.
TH2, a joint venture between Thor Industries Inc of the US and NZX-listed Tourism Holdings Ltd, has merged its CamperMate & Roadtrippers Australasia businesses with leading Australian outdoor tourism marketplaces GoSeeAustralia and Outdoria.