NZX-listed company couldn't push forward with the proposal to sell to Evan Christian entity because it had too few independent directors.
The Canadian billionaire, who disclosed a 9% stake in the company on Monday, has written to the board of his proposal to remove and replace NZME's board.
Entrepreneur resigned from the board of listed transportation company last November.
In a trading update this morning, the company said it has lifted third quarter sales.
Singaporean buyer says the purchase of the one-year-old five-star hotel could signal the expansion of its hotel portfolio in New Zealand.
But NZ Merino CEO says the wool standards system hasn’t failed.
James Grenon’s acquisition was not the only big development on media company’s share register today.
The horticulture company has gone to court over the illegal propagation of its Envy apples.
Chair George Adams says letter came as a complete surprise.
The four shareholders representing 11.5% of shares request special meeting after what they term years of poor performance.
