Colin Neal joins Mercer board
Mercer Group’s newest substantial shareholder – Colin Neal – has joined the company’s board.Neal bought a 19.8 percent stake in Mercer in March from the company’s cornerstone investor, Humphry Rolleston. He joins chair Trevor Burt, Paul Smart, Richard Rookes and George Rolleston...
QEX to raise up to $4m to help fund Australian expansion
QEX Logistics plans to raise up to $4 million at a 28.6 percent discount to help fund its growth plans, such as beefing up its Australian operations.The logistics company wants to raise $3 million in a share purchase plan to existing investors, with scope to accept another $1 mil...
Smartpay shares tumble as Verifone deal falls through
Smartpay shares dropped 23.5 percent to 39 cents after the payments processor said its agreement with Verifone to buy its New Zealand assets for $70 million fell over. The deal was contingent on receiving Commerce Commission approval by April 30, which didn’t happen, and Smartpay...
Bathurst to appeal US$40m L&M Coal ruling
Bathurst Resources will take its fight with L&M Coal over a US$40 million bill to the Supreme Court.The coal miner has sought leave to overturn a Court of Appeal ruling that it had to make a performance payment on coal produced at its mothballed Buller operations. Bathurst bought...
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