Shanghai Pengxin to offload NZ assets, Auckland property prices 'normal' and Dotcom's court file
What's in your NBR print edition this week.
In today’s NBR Print Edition: Details are emerging of Shanghai Pengxin’s plan to sell its New Zealand farm assets into a partially owned listed company called Hunan Dakang [SZ:002505]. The move will result in Chinese retail investors effectively owning 45% of Pengxin Group’s so-called Crafar Farm holdings, the pending $88 million acquisition of Lochinver Station, and eventually, potentially the 74% stake in Synlait Farms. Duncan Bridgeman has the story.
Chorus [NZX:CNU] investors cheered on Tuesday as a key pricing decision came through, sending the company’s shares soaring. But if long-suffering shareholders are feeling the worst might be over for the company, they should think again. Chris Keall reports.
Stock market crashes and housing bubbles could be prevented by one thing, researchers suggest, but the reasons behind this are a little unsettling. Calida Smylie delves into the issue of ethnic diversity.
Support is quietly growing in the Auckland business community for winding up the “archaic” Auckland Energy Consumer Trust and transferring its 75.4% shareholding in Vector [NZX:VCT] to Auckland Council. But what are the ramifications? Nick Grant reports.
Auckland financier James Kellow describes the Auckland property scene as “normal” as opposed to boom and bust. Chris Hutching reports.
Changes in Australia could put pressure on New Zealand's tax framework, writes Rob Hosking.
Meanwhile, will it be Christmas doves from the Reserve Bank next week? Small busineses are certainly crying out for an interest rate cut.
Primary industries reporter Jamie Ball reveals why the signing of the Tokelau Accord in Samoa this week may not be enough to end the exploitation of tuna by aid-recipients bankrolled by New Zealand taxpayers.
A judge who froze Kim Dotcom’s family trust did so despite it being moved into his former wife Mona’s control, Victoria Young reports uncovers a court file.
Auckland company Feejoa has developed a world first initiative designed to help students pay off their loans in a unique way. Jason Walls reports.
Briefly:
- Shoeshine sees a name change for Dorchester [NZX:DPC]
- Margin Call: Mining sector needs top-down approach
- On the Money: Job fairs don't close wage gap
All this and more in today's National Business Review. Out now
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Shanghai Pengxin to offload NZ assets, Auckland property prices 'normal' and Dotcom's court file
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