Monday 1st July 2019 |
Text too small? |
General Capital today migrated to the main board of the NZX.
This follows other key milestones achieved for the Group, including:
1. The completion of the purchase of an operating Group of financial services businesses in August 2018. This included the businesses of:
a) General Finance Limited (Licenced Non-bank Deposit Taker); and
b) Investment Research Group Limited (NZX Sponsor / Investment Research House / Investment Banking firm).
2. The rebranding of the Group to General Capital Limited (from previous listed shell, Mykco Limited).
3. The raising of new capital by way of placements and shareholder purchase plan in late 2018.
4. Strong March 2019 results including year on year growth in the loan book of 101%, year on year growth in secured term deposit liabilities of 51%, and a trading profit achieved when excluding the costs of business acquisition.
Mr Brent King (Managing Director) said, “This has been an excellent 12 months for the Group, with growth continuing to be strong into the 2020 financial year”.
For further information contact:
Mr. Brent King
Managing Director
+64 21 632 660
Brent.King@gencap.co.nz
No comments yet
Second St John withdrawal of labour takes effect tomorrow with further strikes likely
Sanford Appoints Independent Director
CRP ADVISES CLOSURE OF SHARE OFFER TO EXISTING INVESTOR
Devon Funds Morning Note - 14 August 2024
OCR 5.25% - Monetary restraint tempered as inflation converges on target
Consumers still need due diligence as new deposit takers emerge.
Woolworths strike: staff asked to dress up in Disney costumes for a week on their own dollar
Turners Invests in Quashed Online Insurance Platform
PGW Reports on Challenging Year
Arvida Announces Executive Team Changes