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20 Oct 2021

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Sharemarket gains, pulled higher by large stocks a2 Milk, F&P Healthcare
The sharemarket bounced back from Monday's weakness following higher inflation data.

Taranaki-based medicinal cannabis company to list on NZX at 25c a share
Taranaki-based medicinal cannabis and hemp food company Greenfern Industries Ltd will list its shares on the NZX from October 21.

A2 Milk shares surge 12% on optimism its main sales channel to China is open again
A2 Milk investors are taking heart from Australian infant formula company Bubs that the daigou sales channel to China has recovered.

Evergrande shares suspended from trading in Hong Kong amid rumours of majority acquisition
Shares in troubled real estate developer China Evergrande Group and its property management unit Evergrande Property Services have been suspended from trading in Hong Kong.The companies' filings did not specify why the shares were...

S&P/NZX50 Index slips again after heavy selling on Wall Street
The NZ sharemarket continued to lose ground this week, with big declines in US stocks adding to the negative tone.

Rocket Lab shares jump as US military funding confirmed
Rocket Lab shares jumped nearly 9 per cent to US$15.29 (for a U$S6.5 billion market cap) in early trading on the Nasdaq after the company finally confirmed a major tranch of funding from the US military and entry into an inner-circle...

Plexure Group Limited (NZX: PX1) Special Meeting and Shareholder Offer Opens
The purpose of the Meeting is to consider and vote on resolutions relating to the acquisition of TASK, the allotment of shares to the TASK vendors and associates, and the capital raising to partially fund the acquisition of TASK

Seeka Limited (NZX: SEK) Announces Further Kiwifruit Acquisition
Seeka Limited has entered an amalgamation agreement to acquire leading Northland kiwifruit business Orangewood Limited. Orangewood shareholders are offered 0.663 new Seeka shares and $1.35 in cash for every Orangewood share

Arvida Group Limited (NZX: ARV) to Acquire Arena Living Retirement Living Portfolio
Arvida Group Limited is pleased to announce it has entered a conditional agreement to purchase 100% of the shares of Arena Living Holdings Limited for approximately $345 million

General Capital Limited (NZX: GEN) Completes Greenfern Listing
The NZX and Greenfern Industries Limited made releases to the market yesterday afternoon advising that Greenfern would have its shares quoted on the NZX main board commencing at 11.00am on Thursday, 21st October 2021

QEX Logistics fined $80k for NZX disclosure breaches
QEX Logistics has been censured and fined $80,000 by the NZ Markets Disciplinary Tribunal for breaching its continuous disclosure obligations.Trading in QEX shares has been suspended since February.In a settlement agreement announced...

Restructure of Cannasouth Cultivation Limited (NZX:CBD)
Cannasouth Limited (NZX:CBD, Cannasouth or Company) announces that its recent capital raising has closed having raised a total of $4.7 million through the issue of 11,750,000 new fully paid ordinary shares and 3,917,149 options.

Rakon lifts guidance after AKM fire, share price rallies
Shares in NZX-listed electronic components maker Rakon rallied sharply after it upgraded its earnings guidance for the current year, driven by a big lift in orders and a consumer device boom.By early afternoon, the stock was up...

Big Kiwi property company drops $250 million capital raise for office buildings because of Evergrande contagion fears
An offer to buy shares in a company owning more than $700m of office buildings has been dropped because of fears of the potential fallout from Evergrande.

Fisher & Paykel Healthcare and energy stocks slip, taking NZX 50 with them
The New Zealand sharemarket lost 0.4 per cent on Tuesday, despite positive overseas markets and good gains from several blue-chip stocks.