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.
Commonwealth Bank of Australia has proposed internalising the management of the Kiwi Income Property Trust. The bank owns the NZX-listed trust’s manager, Kiwi Income Properties Ltd. Management company chairman Mark Ford said today the bank had made “a non-binding, indicative, incomplete & conditional proposal” to internalise management. Mr Ford said the board had established a […]
Summerset Group Holdings Ltd began trading on the ASX yesterday. It’s a member of the Australian exchange’s healthcare index. The New Zealand retirement village developer & operator sought the secondary listing as a result of increased Australian investor interest in the company and to enable more Australian investors to participate in its growth. Attribution: Company […]
Economic Development Minister Steven Joyce released further documents on Wednesday relating to the $402 million NZ International Convention Centre agreement the Government signed with SkyCity Entertainment Group Ltd on 5 July. Legislation was introduced to Parliament on 9 July to give effect to the final agreement. Documents released on 17 July: Information release Briefing papers […]
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 […]