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Trade Me is New Zealand's largest online auction and classifieds website. Managed by Trade Me Ltd., the site was founded in 1999 by New Zealand entrepreneur Sam Morgan, who sold it to Fairfax in 2006 for NZ$700 million. [1] Trade Me was publicly listed as a separate entity on 13 December 2011 under the ticker "TME".
The company was founded in 2005 by New Zealand-born entrepreneurs Simon Slade and Mark Ling in Christchurch, New Zealand. [3] While Slade worked full-time for Hewlett-Packard, he also sold on New Zealand’s local online auction site, Trade Me. [citation needed] After receiving numerous inquiries about where he found his suppliers, Slade recognized the demand for a directory of verified suppliers.
Morgan worked for IT consultancy Deloitte before leaving to start up Trade Me in 1999. Trade Me kept him very busy and at one point he was living 200 metres from the main office on Wellington Waterfront. On March 6, 2006, John Fairfax Holdings agreed to buy Trade Me for NZ$700 million, plus another NZ$50 million if financial targets were met ...
A bright-line test on property speculation was introduced on 1 October 2015, specifying profit from certain purchases and sales of property as income. The test does not apply to profit from the family home, death estate, or property sold as part of a relationship settlement. The main aim of the test is to tax profits from property speculation.
Ngāi Tahu Property owns multiple ex-government and/or council owned properties. Ngāi Tahu holds right of first refusal to acquire any state-owned property within its exclusive economic area. In 2010, Ngāi Tahu Property held assets in the tune of $ 450,000,000; including but not limited to, the Queenstown Police Station , Christchurch Courts ...
The restructuring and sale of state-owned enterprises in the 1990s reduced government's role in the economy. Many of the largest companies lost ground and new enterprises were established. [1] New Zealand companies are dependent on international trade, mainly with Australia, the European Union, the United States, China, South Korea, Japan and ...
The red zone in Kaiapoi, north of Christchurch, in 2015 after most demolitions were completed. Once the Crown bought the land, tenants vacated the property, and insurance settlements were finalised, private contractors were hired to demolish the houses. [18] Some houses, rather than being demolished, were moved to other areas.
Christchurch (/ ˈ k r aɪ s. tʃ ɜːr tʃ / ⓘ; Māori: Ōtautahi) is the largest city in the South Island and the second-largest city by urban area population in New Zealand. [a] Christchurch has an urban population of 415,100, and a metropolitan population of over half a million.
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