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

 


New $2 million dairy farm IPO launched

New $2 million dairy farm IPO launched

Public offered a stake in the country’s most productive dairy region

New Zealand farm investment company, MyFarm has released a public offer allowing retail investors to participate in a Canterbury dairy farm investment from $20,000.

TPLP Farm Investments is a new company formed to enable smaller investors to passively invest in the new MyFarm syndicate, Te Pahau Limited Partnership, a 295 hectare dairy farm milking 990 cows located in the Hurunui district of North Canterbury.

This is the fifth public offering by MyFarm in the past 18 months. Over 100 New Zealanders have invested $8.5million into 5 dairy farm syndicates through its Collective Investment Vehicles (CIVs). All CIV shares are tradeable via MyFarm Trading, a private market on the Unlisted trading platform.

The TPLP Farm Investments Ltd offer is open until Wednesday Friday 27 June 2014.

To download an Investment Statement and Prospectus, please visit the MyFarm website, here.

About MyFarm
MyFarm Limited has been putting together and managing New Zealand farm investments since 1990, offering investors exposure to an asset class that is now the engine room of the NZ economy. MyFarm currently has 47 dairy farms and 6 sheep and beef farms under management across NZ with assets valued at a total of $550 million.

ENDS

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Trade Plans: Prime Minister's Speech To International Business Forum

"The work to improve public services, build infrastructure, and solve social problems is possible only because we have enjoyed sustained, solid economic growth. A big reason for that is the Government’s consistent agenda of economic reform, and our determination to open up more opportunities for trade with the world." More>>

ALSO:

Media: TVNZ Flags Job Cuts To Arrest Profit Decline

Chief executive Kevin Kenrick said the changes were aimed at creating "a sustainable future video content business for TVNZ in an ever-changing media market." More>>

ALSO:

Reserve Bank: Wheeler Keeps OCR At 1.75%

Reserve Bank governor Graeme Wheeler kept the official cash rate unchanged at 1.75 percent, as expected, and reiterated his view that the benchmark rate doesn't need shifting for the foreseeable future. More>>

ALSO:

f work for Pumpkin Patch staff

Retail: Pumpkin Patch Brand, IP Sold To Catch Group

The receivers of failed children's clothing retailer Pumpkin Patch have confirmed that the company's brand and intellectual property have been sold to Australian online retailer Catch Group. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news