Tuesday 9th November 2021 |
Text too small? |
Transportation technology services company EROAD (NZX/ASX: ERD) announced today that it has received consent from New Zealand’s Overseas Investment Office (OIO) to acquire 100% of the shares in Coretex Limited.
The consent is granted subject to the OIO’s standard conditions, including that the consent holder and directors of EROAD must remain suitable to invest in New Zealand.
Following receipt of the OIO’s consent, the remaining key condition for EROAD’s acquisition of Coretex is obtaining clearance from the New Zealand Commerce Commission. As announced on 19 October, the Commerce Commission is currently considering further submissions from the parties to its statement of issues and EROAD remains confident the acquisition will complete before the end of 2021.
EROAD’s financial results for the six months ended 30 September 2021 will be released on 26 November 2021 to the NZX and the ASX.
Please see the link below for details
EROAD Receives Overseas Investment Office Consent
No comments yet
ARB - Annual Meeting Date and Director Nominations
CNU - Q4 FY25 Connections Update
MOVE FY25 Results and Investor Briefing 29 August 2025
RYM - First quarter trading update
July 11th Morning Report
IKE Announces equity raising of A$20 million
Chorus full year results date
FPH 2025 Notice of Annual Meeting and Voting Form
July 10th Morning Report
July 9th Morning Report