KPMG says that if proposed takeover of listed honey company fails then there is uncertainty as to how it will meet its debt obligations.
The capital raise, which is conditional on shareholder approval, will give an Australian firm majority control of the NZX-listed glass company.
Otago gold prospector gets institutional backing in A$60m placement, A$3m to come from retail share purchase plan.
The Rakon director and former boss has hit out at the Shareholders’ Association’s attempt to limit the influence of the company’s large shareholders.
The shareholders' association has added three amendments to the agenda for the Rakon's upcoming AGM.
Joint owners Infratil and NZ Super Fund agree to sell the retirement village operator for A$845m.
Spencer has taken advantage of the company’s soaring share price and pocketed a $600,000 gain on his initial investment.
The company, which boosted its half-year guidance this morning, wants to turn its RadPro system into a platform it can market to other aged care operators.
Company chair says the capital raise would stave off a ‘significant restructuring’ after losing test coverage in its core US market.
The company’s share price is in the doldrums, but analysts see new hope in the arrival of Jayne Hrdlicka.