Friday 26th July 2002 |
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Perpetual Trust, part of the Pyne Gould Group, has bought a half share in Mortgage Express from Harcourts International. Mortgage Express is the country's third-largest non-franchise home mortgage broker, with an annual turnover of more than $340 million.
The New Zealand Stock Exchange said JB Were would pay $50,000 toward a redrafting of rules and regulations after an inquiry into the purchase of 50 million shares in Rubicon on behalf of GPG. This followed complaints it broke the rules on major shareholding transactions by not offering any portion of the bid to other sharebrokers.
Atlantis Group, an IT investor, took a substantial shareholding in Credit Data and will use it as a platform to collect credit reporting from independent debt collectors.
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