News | Business
25 Apr 2018 20:34
NZCity News
NZCity CalculatorReturn to NZCity

  • Start Page
  • Personalise
  • Sport
  • Weather
  • Finance
  • Shopping
  • Jobs
  • Horoscopes
  • Lotto Results
  • Photo Gallery
  • Site Gallery
  • TVNow
  • Dating
  • SearchNZ
  • NZSearch
  • Crime.co.nz
  • RugbyLeague
  • Make Home
  • About NZCity
  • Contact NZCity
  • Your Privacy
  • Advertising
  • Login
  • Join for Free

  •   Home > News > Business

    PGG Wrightson directors keep tabs on Agria

    PGG Wrighston's independent directors have reconvened a committee to monitor the OIO's review of controlling shareholder Agria Corp's "good character" status.


    PGG Wrighston's independent directors have reconvened a committee to monitor the Overseas Investment Office's review of controlling shareholder Agria Corp's "good character" status.

    The committee, comprised of Bruce Irvine, John Nichol and Ronald Seah, was first set up early last year to consider the implications of Agria's delisting from the New York Stock Exchange and an ensuing probe by the US Securities and Exchange Commission.

    Mr Irvine said in a statement the committee had been aware the OIO was monitoring the matter and confirmed the good character probe with the government agency on Thursday.

    "A spokesperson for Agria has also commented that it has always made full disclosure to the OIO and will continue to assist the OIO with any inquiries," he said.

    The committee would keep monitoring matters and "update the market if there are any material developments that may require disclosure and consideration by PGW shareholders".

    Agria indirectly owns 50.2 per cent of Wrightson through Agria (Singapore).

    It was delisted from the NYSE in January last year after the stock market operator found evidence managers were inflating the share price to meet the minimum requirement, while the SEC subpoenaed Agria in December, 2015 over the firm's Chinese operations.

    Wrightson shares last traded at 57 cents and have gained 12 per cent over the past year.


    NZN




    © 2018 NZN, NZCity


     Other Business News
     24 Apr: NZ shares mixed ahead of Anzac Day holiday
     24 Apr: Ardern 'really positive' on EU trade deal
     24 Apr: Avanti bike founders cut remaining ties
     24 Apr: NZ annual net migration slows in March
     24 Apr: NZ dollar falls to three month low
     24 Apr: Pressure on government on housing
     23 Apr: NZ dollar holds just above US72c
     Top Stories

    RUGBY RUGBY
    Squire unlikely for French Tests More...


    BUSINESS BUSINESS
    NZ shares mixed ahead of Anzac Day holiday More...



     Today's News

    International:
    Korea talks: What does China have to gain or lose from a potentially reunified Korean Peninsula? 20:26

    Rugby League:
    Hunt masterclass in Dragons' Anzac NRL win 20:26

    Entertainment:
    Dwayne Johnson has welcomed his third child into the world 20:23

    Entertainment:
    Kim Kardashian West sometimes feels “overwhelmed” by her fame 19:53

    Netball:
    Netball NZ refuses to let the Sunshine Girls take the Taini Jamison Trophy back to Jamaica 19:46

    Entertainment:
    Karen Gillan says Robert Downey Jr. always hosts lunch for the cast of the ‘Avengers’ franchise 19:23

    Rugby League:
    NRL round-eight preview panel 19:06

    Entertainment:
    Catherine, Duchess of Cambridge, and her newborn son have left the hospital 18:53

    International:
    Harry, Meghan honour Anzac dead in London 18:46

    Entertainment:
    Prince William and Catherine, Duchess of Cambridge, have thanked hospital staff who helped deliver their third child 18:23


     News Search






    Power Search


    © 2018 New Zealand City Ltd