Entities in the NorthWest Healthcare Properties group of Toronto have signed a conditional contract to buy 11 hospital property assets from hospital property assets from ASX-listed Healthscope Ltd for $A1.258 billion, but the NZX-listed member of the group, the Vital Healthcare Property Trust hasn’t signed up to participate – yet. At the beginning of December, […]
Fletcher Building Ltd said last Thursday it had obtained a 2-month extension to the waivers of the breach of financial covenants under its US private placement & bank syndicate funding arrangements.
Trading in Cynotech Holdings Ltd securities was halted last night after the company told the NZX its major shareholder & other close funding supporters had decided they would no longer pay its overhead & infrastructure costs. Cynotech chairman Allan Hawkins – founder of 1980s high-flier the Equiticorp group and jailed after its demise in […]
NZX Regulation suspended trading in NZF Group Ltd shares in Monday after the 5-day period of grace to file the annual report expired. The company’s chief executive, Mark Thornton, warned on 27 June that it was unlikely the annual report would be completed in time because of the post-balance date sale of NZF’s 50% […]
Metlifecare Ltd’s $10 million share purchase plan offer has been oversubscribed by $1.95 million. Managing director Alan Edwards said on Monday 1234 shareholders – 66% of those eligible – had subscribed and their applications would be scaled back. The offer was at $3.10/share, the same as for the $70 million institutional placement Metlifecare made in […]
National Finance 2000 Ltd director, lawyer Tony Banbrook, 66, was sentenced in the Auckland High Court yesterday to 8½ months’ home detention and ordered to pay $75,000 in reparations on one charge of making untrue statements in a registered prospectus. He’s the last of National Finance’s 3 directors to be sentenced. Executive director Allan Ludlow, […]