A2 Corp, in talks to move to main board, halts trading

A2 Corp, which markets milk products with a protein variant claimed to have health benefits, had its shares halted from trading pending a statement.

The Sydney-based company, whose shares have more than doubled in the past 12 months, said last week it is in talks with the NZX about shifting its listing to the main board from the NZAX, a market for smaller companies and start-ups.

The shares traded at 67 cents yesterday, valuing the company at $399 million.

"A move to the NZX main board may provide greater liquidity and increase access to capital," managing director Geoffrey Babidge said last week.

Last month, the company completed a six-month strategic review and has embarked on plans to take control of its New Zealand marketing and accelerate its global expansion.

(BusinessDesk)


Got a question about this story? Leave it in Comments & Questions below.

This article is tagged with the following keywords. Find out more about MyNBR Tags

Comments & Questions

Commenter icon key: Subscriber Verified

Post New comment or question

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.

NZ Market Snapshot

Forex

Sym Price Change
USD 0.7249 0.0004 0.06%
AUD 0.9616 -0.0007 -0.07%
EUR 0.6501 0.0007 0.11%
GBP 0.5516 -0.0017 -0.31%
HKD 5.6217 0.0033 0.06%
JPY 74.8700 0.3500 0.47%

Commods

Commodity Price Change Time
Gold Index 1307.9 -5.100 2016-08-31T00:
Oil Brent 46.9 -1.840 2016-08-31T00:
Oil Nymex 44.7 -1.630 2016-08-31T00:
Silver Index 18.6 0.040 2016-08-31T00:

Indices

Symbol Open High Last %
NZX 50 7405.6 7423.3 7398.8 0.33%
NASDAQ 5216.4 5219.9 5223.0 -0.19%
DAX 10627.2 10666.8 10657.6 -0.61%
DJI 18436.7 18439.7 18454.3 -0.29%
FTSE 6820.8 6832.9 6820.8 -0.58%
HKSE 22897.2 23130.0 22976.9 0.55%
NI225 16885.2 16941.2 16887.4 0.08%
ASX 5433.0 5433.0 5433.0 -0.29%