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After the New Zealand sharemarket crash on 20 October 1987, the Chase Corp share price continued to drop and it effectively never recovered from that point, as the New Zealand property market collapsed. On 4 July 1989, the NZ Government appointed statutory managers to run the NZ property interests of Chase Corp.
The company was originally listed on the New Zealand stock exchange as Bridgevale Mining and changed its name in 1987, the same year it acquired Toy Warehouse. [2] Bridgecorp Holdings was delisted after the toy company—considered underperforming—was sold in 1992 [ 2 ] and went into receivership the same year. [ 3 ]
Between May 2006 and the end of 2012 there were sixty-seven finance company collapses in New Zealand; including companies entering into liquidation, receivership or moratoria. [1] An inquiry by the New Zealand Parliament estimated losses at over $3 billion that affected between 150,000 and 200,000 depositors. [ 2 ]
The property bubble in New Zealand is a major national economic and social issue. Since the early 1990s, house prices in New Zealand have risen considerably faster than incomes, [1] putting increasing pressure on public housing providers as fewer households have access to housing on the private market.
Eli Lilly’s weight loss drug Zepbound is no longer in short supply, the FDA said, worrying patients who use cheaper, off-brand versions of the drug. On Thursday, Dec. 19, the U.S. Food and Drug ...
Mainzeal managed the demolition of the Clarendon Tower in Christchurch. It was founded in 1968 as a branch of Mainline Corporation, an Australian company, to develop 7 acres (28,000 m 2) of harbour-front land in the Auckland CBD as part of Mainline-Dillingham-Fletcher.
Donald Trump continues to threaten tariffs against foreign nations, this time toward a bloc of nine countries if they try to undermine the dollar's global dominance.
WASHINGTON (Reuters) -President-elect Donald Trump cannot ignore a law requiring Chinese-based ByteDance to divest its popular short video app TikTok in the U.S. by early next year or face a ban ...