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


Vehicle Testing NZ– Proposed Public Offering

Vehicle Testing NZ– Proposed Public Offering

Vehicle Testing New Zealand Limited (VTNZ) announced today a proposed initial public offering (IPO) of the shares in its parent company Vehicle Testing Group Limited (VTG).

Motor Trade Association (Inc.) (as the current owner of shares in VTG), and VTG itself, plan to offer for sale shares in VTG.

The proposed offer is for the issue of ordinary shares to New Zealand institutional and retail investors. A preferential pool of shares will be available for MTA members and staff and staff of VTNZ and On Road New Zealand Limited (a wholly-owned subsidiary of VTNZ).

No money is currently being sought and no applications for VTG shares will be accepted or money received unless the subscriber has received an investment statement for the VTG share offer.


© Scoop Media

Business Headlines | Sci-Tech Headlines


Mycoplasma Bovis: More Properties Positive

One of the latest infected properties is in the Hastings district, the other three are within a farming enterprise in Winton. The suspect property is near Ashburton. More>>


Manawatū Gorge Alternative: More Work Needed To Choose Route

“We are currently working closely and in partnership with local councils and other stakeholders to make the right long-term decision. It’s vital we have strong support on the new route as it will represent a very significant long-term investment and it will need to serve the region and the country for decades to come.” More>>


RBNZ: Super Fund Chief To Be New Reserve Bank Governor

Adrian Orr has been appointed as Reserve Bank Governor effective from 27 March 2018, Finance Minister Grant Robertson says. More>>


ScoopPro: Helping PR Professionals Get More Out Of Scoop has been a fixture of New Zealand’s news and Public Relations infrastructure for over 18 years. However, without the financial assistance of those using Scoop in a professional context in key sectors such as Public Relations and media, Scoop will not be able to continue this service... More>>

Insurance: 2017 Worst Year On Record For Weather-Related Losses

The Insurance Council of New Zealand (ICNZ) announced today that 2017 has been the most expensive year on record for weather-related losses, with a total insured-losses value of more than $242 million. More>>