The company offers housing to baby boomers under a structure where people buy the house and not the land.
Sales in New Zealand were up 20%, higher than the group average, and the operations moved from loss to profit.
Additional accounting irregularities found after independent review have further hindered Comvita's FY24 earnings.
The announcement is the first major move by chief executive Mark van Dyck, who joined four months ago.
After consulting with shareholders, company says offer at 62% premium had no chance of success.
Convention centre bookings can now move to formal contracting, says casino operator.
The former NZ Oil & Gas delisted from the NZX but is still interested in the local market.
Competition watchdog not currently satisfied the $1.86 billion acquisition would not substantially lessen competition.
The listed insurer has revised the range to between $60m and $70m in the year ended September 30.
Investment house thinks it’s unlikely the construction group will greenlight any residential divestment at this stage of the cycle.