Listed companies hamstrung by overseas investment law overreach
Agri-business Scales is particularly worried.
Overseas investment laws are hamstringing New Zealand listed companies and some market participants are calling for a legislative overhaul.
Under the Overseas Investment Act, a company is considered an “overseas person” if 25% or more of its shares are owned by foreigners.
An overseas person
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Calida Smylie
Fri, 21 Jul 2017
Fri, 21 Jul 2017
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Listed companies hamstrung by overseas investment law overreach
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