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

 


CeAnic Director Joining Nzse Working Party


CeAnic Director Joining Nzse Working Party

CeAnic director Prem Maan is joining the New Zealand Stock Exchange working party set up to establish the rules for the AX Board, the new NZSE vehicle for innovative, high-growth companies.

CeAnic Limited is a marine technologies investor which last week launched a $20 million public offering - providing the first opportunity for the New Zealand public to invest directly in the thriving marine industry. The company already has stakes in marine design and software companies, and is targeting further opportunities in the boatbuilding, marine tourism, marine-based renewable energy and aquaculture sectors.

CeAnic Chairman John Storey said while CeAnic is not seeking to list on any stock exchange at this stage, it would consider doing so in the future.

"CeAnic has invested in a range of start-up and marine-based businesses with strong growth potential," said Mr Storey.

"Our business model and our commitment to building shareholder value require us to grow our existing businesses and build a critical mass of further investments before considering listing. In the meantime we've structured our business to withstand the same levels of scrutiny as any listed company."

Mr Storey said CeAnic has been formed with high standards of corporate governance, including transparency, and the entire company is founded on the basis of creating shareholder value. CeAnic's prospectus has been subject to professional review by leading accounting firm Ernst & Young and legal counsel Chapman Tripp.

Mr Maan, an experienced investment banker, joins representatives of listed and unlisted companies, the Government, the broking community, accountants, banks, lawyers and information providers on the AX working party.


© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Half A Billion Accounts: Yahoo Confirms Huge Data Breach

The account information may have included names, email addresses, telephone numbers, dates of birth, hashed passwords (the vast majority with bcrypt) and, in some cases, encrypted or unencrypted security questions and answers. More>>

Rural Branches: Westpac To Close 19 Branches, ANZ Looks At 7

Westpac confirms it will close nineteen branches across the country; ANZ closes its Ngaruawahia branch and is consulting on plans to close six more branches; The bank workers union says many of its members are nervous about their futures and asking ... More>>

Interest Rates: RBNZ's Wheeler Keeps OCR At 2%

Reserve Bank governor Graeme Wheeler kept the official cash rate at 2 percent and said more easing will be needed to get inflation back within the target band. More>>

ALSO:

Half Full: Fonterra Raises Forecast Payout As Global Supply Shrinks

Fonterra Cooperative Group, the dairy processor which will announce annual earnings tomorrow, hiked its forecast payout to farmers by 50 cents per kilogram of milk solids as global supply continues to decline, helping prop up dairy prices. More>>

ALSO:

Results:

Meat Trade: Silver Fern Farms Gets Green Light For Shanghai Maling Deal

The government has given the green light for China's Shanghai Maling Aquarius to acquire half of Silver Fern Farms, New Zealand's biggest meat company, with ministers satisfied it will deliver "substantial and identifiable benefit". More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news