Shareholders have rejected Florenz’s takeover offer, and Bougen is still talking of putting a recapitalisation plan before the board.
UPDATE: SkyCity shares down 10% as market opens.
Terms of sale have not been met for 56, The Terrace, central Wellington.
Council retains just over 11% after sale, which netted nearly $836m.
Unsolicited offer would take stake to 19.9%.
‘We’ll always keep looking for those acquisitions,’ says CEO Richard Rookes.
Net loss deepened to $7.2 million in year to June, amid contract loss and darker economic clouds.
But the company says the result reflects ongoing investment into the business.
NZX-listed software-as-a-service business implements cost-cutting measures as losses mount.
The wellness retailer says outlook remains "challenging" following tough year.