Archive for September, 2010

Queenstown based firm Real Estate group Harcourts to turn mega with franchises acquisition

Comments Off | 09-18-2010

Harcourts may soon become the biggest real estate group in Queenstown if its investment plans succeed. The Queenstown based firm is planning to take over two of its franchises based in Balclutha and Dunedin in the coming month. The move will enlarge the business, making it the biggest in the region, and adding to Harcourts [...]

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Posted in Foreign Direct Investment/FDI New Zealand, General, Real Estate New Zealand | Read More

Christchurch based manufacturer Windflow Technology receives approval for its Windflow 500 turbine

Comments Off | 09-17-2010

Windflow Technology Thursday received approval for its Windflow 500 turbine, its latest innovation after it was certified as meeting all set international standards. The Christchurch based manufacturer said it had eventually gotten the permission for the manufacture of its Windflow 500 turbine from the UK based certification body, Lloyd’s Register.
Lloyd’s Register confirmed giving approvals for [...]

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

Virgin Blue vows to fight for approval of its transtasman alliance with Air New Zealand

Comments Off | 09-16-2010

After their planned merger was turned down by Australian regulators, Australian airline firm, Virgin Blue has said that it will sustain its fight for the merger. Speaking over the failed merger plans, Virgin Blue chief executive, John Borghetti, said the firm will keep fighting for approval of its transtasman alliance with Air New Zealand regardless [...]

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Posted in Aviation New Zealand, Foreign Direct Investment/FDI New Zealand, General | Read More

New Zealand based company Ecoya completes its placement of 6.3 million shares, worth $4.75 million, to partially fund its acquisition of cosmetics company Trilogy Natural Products

Comments Off | 09-15-2010

In a move that marks a near conclusion to its acquisition deal, Ecoya reported Tuesday the completion of its placement targeted at raising funds for its recent acquisition of Trilogy Natural Products. Ecoya, the New Zealand based scented candle manufacturer, said it had successfully finished its placement of 6.3 million shares, pegged at NZ$4.75 million, [...]

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

New Zealand’s best known cocktail king, Ecoya, acquires a domestic skincare firm to venture into the beauty industry

Comments Off | 09-13-2010

In a move to partake of the beauty industry, New Zealand cocktail major, Ecoya, has ventured into the global beauty industry by acquiring Trilogy Natural Products. Ecoya said it had purchased the skin care firm, Trilogy Natural Products, for $10 million up front and will remit an additional $10 million earn out payment inclusive of [...]

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

ING Property Trust sells retail property in Manukau and buys property in St Lukes, both Auckland transactions valued at the same price

Comments Off | 09-11-2010

The New Zealand Herald reported Friday that ING Property Trust disposed off its Manukau property and purchased property in St Lukes. According to the report, the two transactions were undertaken for the same cash consideration. Valued at $10.5 million, ING Property undertook the investment after selling its Manukau property for the same amount.
ING Property Trust [...]

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Posted in Foreign Direct Investment/FDI New Zealand, General, Real Estate New Zealand | Read More

Telecom NZ’s broadband ambitions suffer a blow, as the New Zealand government commences picking infrastructure partners for its billion dollar fibre network

Comments Off | 09-10-2010

The New Zealand government commenced picking partners for its billion dollar broadband investment, kicking out some firms from the bid. New Zealand Telecoms suffered a drawback on its nationwide broadband ambitions as the New Zealand government commenced picking the firms it will work with in implementation of the nationwide fibre network.
The government’s investment vehicle for [...]

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Posted in Foreign Direct Investment/FDI New Zealand, General, Telecommunications in NZ | Read More

Receivers call for expressions of interest in South Canterbury Finance as experts warn a wholesome asset sale is likely to be unattainable

Comments Off | 09-9-2010

Receivers for collapsed South Canterbury Finance Ltd Tuesday called for expressions of interest in the collapsed finance firm’s assets. South Canterbury Finance’s assets include a variety of loans, stakes in apple exporter Scales Corp., a helicopter lease business and Dairy Holdings. The firm’s receivers, McGrathNicol and William Black were appointed by the New Zealand government [...]

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

L&M Energy (LME) raises $1.4 million via a share purchase plan in which 15 percent of the energy exploration company’s shareholders participated

Comments Off | 09-8-2010

L&M Energy said it had raised $1.4 million via a share purchase plan for its renewable energy investment strategy. Back in July, the firm raised another $8.74 million at the same price per share, 11 cents, via a placement to institutional investors and “complicated” investors, said L&M Energy. As it stands currently, the firm now [...]

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

The New Zealand Venture Investment Fund says $50 million has become available to establish new funds targeting innovative local companies

Comments Off | 09-7-2010

The New Zealand Venture Investment Fund reported it has availed $50 million for the set up of fresh funds aimed at innovative local firms in need of funding. According to the agency, the funds will be targeted at firms in need of about $2 million to $4 million in capital funding. The move comes as [...]

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