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Showing posts with label foreign ownership. Show all posts
Showing posts with label foreign ownership. Show all posts

Saturday, August 3, 2024

Professor Martien Lubberink: Owner beware - 4 reasons why selling part of Kiwibank could do more harm than good


To sell, or not to sell – that is the question various governments have asked since Kiwibank was established in 2002. Now it’s the turn of the current National-led coalition to examine the bank’s state ownership.

Ministers have asked Kiwibank’s board to explore avenues for the bank’s expansion, potentially including private sector or Crown entity investment.

Monday, October 12, 2015

Brian Gaynor: Silver Fern Shareholders risk being shanghaied


The Notice of Meeting and Independent Report for the acquisition of 50 per cent of Silver Fern Farms by Shanghai Maling are revealing. The documents clearly show that the banks are playing a major role in the transaction and the shareholders’ agreement has a number of features that could be extremely disadvantageous to New Zealand shareholders.

First, a recap.

Silver Fern Farms Limited, which is 100 per cent owned by Silver Fern Farms Co-operative, is New Zealand’s largest livestock processing company with turnover in excess of $2 billion per annum.

Saturday, April 19, 2014

Frank Newman: Housing to be a hot election topic


It’s election year. Politicians are finding their voices and are having a lot to say about property. Labour has made no secret that it wants housing to be an election battleground, and a capital gains tax is seen as an integral part of that plan.

Labour leader David Cunliffe this week hinted at what a capital gains tax may look like. Gains on the resale of property would be taxed at 15%, would not be retrospective and, as we already know, would exclude the family home. He said the new tax was required because “speculators” were making tax fee gains and forcing up property prices.