Archive for June, 2010

May Wang’s company invests in Genesis Research and Development Corp New Zealand

Comments Off | 06-30-2010

The potential investor in the takeover of Crafar dairy farming empire, UBNZ Funds Management, announced that it had bought a controlling stake of 19.9% in Genesis Research.
Genesis Research and Development Corp. is an Auckland based biotechnology firm for which it is reported that the May Wang’s company paid an estimated $446,278 for. According to the [...]

Tags: , , , , , , , ,
Posted in Biotechnology in NZ, Foreign Direct Investment/FDI New Zealand, General | Read More

NZ Farming Systems Uruguay needs US$60 million for Investment Project Completion

Comments Off | 06-30-2010

The New Zealand Company, NZ Farming Systems Uruguay, announced that it needs nearly US$60 million for the completion and development of its investment in Uruguay. According to John Parker, NZ Farming Systems Uruguay Chairman, the company needs the funds to enable it complete its establishment of planned dairy farm operations in the South American country.
NZ [...]

Tags: , , , , , ,
Posted in Agriculture New Zealand, Dairy Investment NZ, Foreign Direct Investment/FDI New Zealand, Sector Investments | Read More

Harvard University investing into Big Sky Dairy Farm in Central Otago

Comments Off | 06-28-2010

The Harvard University in the US announced that it plans to make an investment with its multi-billion dollar global investment fund. The university is eyeing the Big Sky Dairy Farm in Central Otago for about $28 million. The investment deal remains subject to confirmation by the Overseas Investment Office (OIO). Big Sky is one [...]

Tags: , , , , , ,
Posted in Dairy Investment NZ, Sector Investments | Read More

New Zealand simplifying regulatory framework for managed funds to establish NZ as an international financial services hub

Comments Off | 06-28-2010

In a move that would benefit foreign investors in the country, the New Zealand government proposed a two-speed regulatory framework for managed funds in which foreign investors stand to enjoy more protection than domestic investors. According to the government, this is but one, in a list of many moves aimed at establishing New Zealand as [...]

Tags: , , , , , , , ,
Posted in Finance New Zealand, Sector Investments | Read More

Chinese buyer pulled out of proposed investment into Oceania Dairy

Comments Off | 06-28-2010

Oceania Dairy Wednesday disclosed that due to a last minute pull out, a Chinese firm that had shown interest in the company would not be buying a stake in it. According to reports, a Chinese investor was seeking South Island dairy projects and if the deal had gone through, the Chinese firm would have become [...]

Tags: , , ,
Posted in Dairy Investment NZ, Sector Investments | Read More

Inaccurate information to investors costs ANZ and ING – Banking, New Zealand

Comments Off | 06-24-2010

The 15,000 investors misled into investing in ANZ National Bank Limited (ANZN) and their finance management segments, ING (NZ)’s two funds, have won a $45 million payout. In the out-of-court settlement, brokered by the New Zealand Commerce Commission, the deal becomes the largest ever the NZ watchdog has accomplished over cases that contravene the Fair [...]

Tags: , , , , , , , , ,
Posted in Banking industry | Read More

Asia Pacific Breweries procured 75% stake in Rock Ember Ltd – Food and Drink industry, New Zealand

Comments Off | 06-24-2010

Asia Pacific Breweries (APB) Tuesday announced it had invested and successfully procured a 75% controlling stake in Rock Ember Ltd (REL), an investment vehicle for food and beverages outlets in New Zealand. In a filing to the Singapore stock exchange Monday, the company reported that it had made the investment through its New Zealand subsidiary [...]

Tags: , , , ,
Posted in Food Investment and processing NZ, Food and Drinks | Read More

AMP gets clearance from NZ Commerce Commission to acquire AXA Pacific Holdings’ Australian & NZ assets

Comments Off | 06-21-2010

AMP on Monday got clearance from the New Zealand Commerce Commission for the acquisition of the New Zealand and the Australian assets of AXA Asia Pacific Holdings. Should AMP renew its offer for the wealth management and insurance company, this decision gives it a better stand. The wealth management and insurance company, AXA Asia Pacific [...]

Posted in Finance New Zealand, Foreign Direct Investment/FDI New Zealand, General, Sector Investments | Read More

ANZ Bank in New Zealand signs MoU with China Development Bank for increased trade & investment

Comments Off | 06-21-2010

In a deal to bolster investments between the two countries, ANZ New Zealand signed an agreement for cooperation with the China Development Bank (CDB) last week. The two countries increased cooperation is being sought in a bid to increase trade and investments between them. ANZ New Zealand’s chief executive and his China Development Bank counterpart, [...]

Posted in Finance New Zealand, Foreign Direct Investment/FDI New Zealand, General, Sector Investments | Read More

Australian mining firm, Bathurst resources, to invest US$ 60 million in development of open cast coal mine in NZ

Comments Off | 06-19-2010

As part of its US$60 million plans to develop an open cast coal mine near Westport, Bathurst Resources, an Australian mining company, said it is keen on listing on the New Zealand Stock Exchange this year. In its plans, Bathurst will export two million tones of coal from the mine, situated close to the Solid [...]

Posted in Finance New Zealand, Foreign Direct Investment/FDI New Zealand, General, Mining Investment New Zealand, Sector Investments | Read More