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29 Apr 2024

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CSM cans rights issue, faces long wait for reverse listing
Cashed up shell company CSM has canned its plans for a rights issue as it faces a long wait for its takeover and reverse listing plans to take effect.CSM last week outlined a plan to buy The Good Brand Co, a sales and marketing...

NZX suspends CSM share trading pending reverse takeover details
The NZX said it had suspended the quotation of shares in CSM - a listed shell part-owned by Sistema founder Brendan Lindsay - pending more information about its backdoor listing plans.CSM said last week it had reached an agreement...

Sistema founder Lindsay takes a stake in listed shell company CSM
Sistema founder and multi-millionaire Brendan Lindsay last week paid $250,000 for a 12 per cent stake in the listed shell company, CSM Group.CSM was listed on the now-defunct junior board, the NZAX, before moving to the exchange's...

NZX looks into CSM share trading before reverse listing plan
The NZX said it would looking to the sharp gain in CSM's share price just as the listed shell announced it's reverse listing plans, which involved buying The Good Brand Company and Me Today.The stock went from $0.001 to $0.02 in...

Supplements, skincare firm poised for reverse listing
Early-stage supplements and skincare firm Me Today is poised to list next year through shell company CSM Group