General Capital (GEN:NZ) Concludes Goodwill Discussions

Listed financial services group General Capital (GEN:NZ) advises that its representatives have held discussions with the FMA.

Managing Director, Brent King, said:

“We received a letter from FMA asking GEN to be more detailed in recording the inputs and assumption used in the discounted cash flow model used in respect of the goodwill and intangible calculation for Investment Research Group Limited. The Directors are confident the correct processes have been followed in previous audited financial statements and this has been conveyed to the FMA. We understand that the matter is at an end as far as the FMA is concerned.”

For further information contact:

Brent King

Managing Director

General Capital Limited

+64 21 632 660

Brent.King@gencap.co.nz

17 November 2022

END

 NZX Announcement - 17112022

Comments from our readers

No comments yet

Add your comment:

Your name:
Your email:	Not displayed to the public
Comment:
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Anti-spam verification:

Type the text you see in the image into the field below. You are asked to do this in order to verify that this enquiry is not being performed by an automated process.

Related News:

Fonterra announces Mainland Group leadership change
OCA - Oceania announces Director changes as part of Board refresh
AIA - Analyst and media webcast for FY26 interim results
The Warehouse Group confirms leaner operating structure
SML - Synlait provides half year performance update
RYM - Refreshed strategy and new capital management framework
ENS - Clarification of Gina Tuzcet’s status
BGP - 4th Quarter Sales to 25 January 2026
Contact Energy 2026 Half Year Results Presentation
February 2nd Morning Report