There was a ‘culture of pressure to perform’ at Comvita's Chinese subsidiary, CEO admits.
NZ Automotive warned in January its profit would fall this year.
Group CEO believes total market worth A$7b if farmers become aware of the product.
Relative newcomer swipes contract off frequent competitor, Downer.
Dairy processor reports a return to profit for the half year.
Airline backs its access to debt markets.
Shares to be issued at circa 61% discount to yesterday’s price.
Package includes heavily discounted $1.2b rights offer.
The $21.3m deal is now expected to settle in the second quarter.
KPMG to be replaced by RSM Hayes Audit.