Monday 1st July 2019
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General Capital today migrated to the main board of the NZX.
This follows other key milestones achieved for the Group, including:
1. The completion of the purchase of an operating Group of financial services businesses in August 2018. This included the businesses of:
a) General Finance Limited (Licenced Non-bank Deposit Taker); and
b) Investment Research Group Limited (NZX Sponsor / Investment Research House / Investment Banking firm).
2. The rebranding of the Group to General Capital Limited (from previous listed shell, Mykco Limited).
3. The raising of new capital by way of placements and shareholder purchase plan in late 2018.
4. Strong March 2019 results including year on year growth in the loan book of 101%, year on year growth in secured term deposit liabilities of 51%, and a trading profit achieved when excluding the costs of business acquisition.
Mr Brent King (Managing Director) said, “This has been an excellent 12 months for the Group, with growth continuing to be strong into the 2020 financial year”.
For further information contact:
Mr. Brent King
+64 21 632 660
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