Weekly briefs
Latest NZ share and Endowment Prices available, NCM rules, Index changes, Calan builds another hospital.
Wednesday, January 5th 2000, 12:00AM
Good Returns is back after a break and has resumed many of its services. The NZ Stock Exchange today (Wednesday) opened for its first day of trading this year, and all the price information is available in the markets section. The Australian market began trading on Tuesday and the Endowment Warrant prices are also available on their page.
Exchange seeking feedback
The Stock Exchange is seeking feedback on an exposure draft of the rules for its New Capital Market (NCM).
The NCM is being established as a vehicle for helping small and medium-sized companies raise capital to assist their growth and development. It also offers investors an opportunity to invest in small and dynamic companies.
A copy of the draft can be found on the exchange's website www.nzse.co.nz. Also, the Securities Commission has released a request for comment on the nature and conditions of Securities Act exemption for NCM companies. This can be found at www.sec-com.govt.nz
Interested parties have until January 31 to comment on the rules.
The NCM is scheduled to open in March.
Index changes
The Stock Exchange has revised its earlier announcement regarding changes to some of its indices following Capital Properties takeover of Shortland Properties.
The following changes will be made to the relevant NZSE indices on January 5.
NZSE 10: In, Warehouse; Out Fernz
NZSE 40; In, WestpacTrust; Out, Shortland Properties
NZSE 30: No changes
NZSE Mid Cap: Out, Warehouse and Shortland Properties; In Fernz, Ryman Healthcare and Infratil Warrants.
Calan builds a hospital
Calan Healthcare has committed to the construction of a new private surgical hospital in Whangarei. The total project will cost about $8.3 million including the acquisition of an existing medical centre.
The new facility is fully pre-let. Construction is expected to begin early in 2000.
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