Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 

Tranz Rail Resumes Share Trading


Tranz Rail Concludes Refinancing - Resumes Share Trading

Tranz Rail Holdings Ltd has asked the New Zealand Stock Exchange to lift from 12.15pm today the Exchange’s suspension of trading in the Company’s shares.

The Company has concluded its refinancing negotiations and obtained all necessary approvals to proceed with its rights issue.

Tranz Rail Chairman Wayne Walden said the successful conclusion of the refinancing negotiations, which include new arrangements for banking facilities and the lease of the Aratere interisland ferry, allows the Company to face the future with confidence.

“We’ve now resolved our outstanding capital issues. We’ve nearly completed our massive change programme. Our operating performance is meeting forecasts and we are now well placed for future growth.”


© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Gordon Campbell: On The Tax Working Group’s Road Map

Trying to analyse the interim report on the Tax Working Group (TWG) is like trying to review an entire All Blacks game, but at the half- time mark… More>>

ALSO:

Cut Before Using: Australian Strawberries Withdrawn

Needles were found in a punnet of strawberries sourced from Western Australia, which was bought in a Countdown supermarket in Auckland. The Choice brand of strawberries was sold nationwide last week. More>>

ALSO:

"Broad-Based Growth": GDP Rises 1 Percent In June Quarter

Gross domestic product (GDP) rose 1.0 percent in the June 2018 quarter, up from 0.5 percent last quarter, Stats NZ said today. This is the largest quarterly rise in two years. More>>

ALSO:

Judicial Review: China Steel Tarrif Rethink Ordered

On 5 July 2017 the Minister determined not to impose duties on Chinese galvanised steel coil imports. NZ Steel applied for judicial review of the Minister’s decision. More>>