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

Free audio stream, including stories that are padlocked on our site. Listen on any device, anywhere. Updated twice daily. The audio stream takes several seconds to start on Android devices.

Launch Radio player

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 0.6471 -0.0007 -0.11%
AUD 0.9032 0.0007 0.08%
EUR 0.5747 -0.0014 -0.24%
GBP 0.4192 -0.0011 -0.26%
HKD 5.0158 -0.0049 -0.10%
JPY 78.2580 -0.1540 -0.20%

Commods

Commodity Price Change Time
Gold Index 1124.6 -0.390 2015-08-27T00:
Oil Brent 47.6 4.420 2015-08-27T00:
Oil Nymex 42.6 4.310 2015-08-27T00:
Silver Index 14.4 0.380 2015-08-27T00:

Indices

Symbol Open High Last %
NZX 50 5634.9 5688.3 5634.9 0.63%
NASDAQ 4761.1 4818.7 4697.5 2.45%
DAX 10335.9 10336.9 10315.6 0.08%
DJI 16285.5 16666.7 16285.5 2.27%
FTSE 6192.0 6221.3 6192.0 0.31%
HKSE 22424.4 22424.4 21838.5 0.61%
NI225 18908.7 19192.8 18574.4 3.03%