General Capital (GEN:NZ) Concludes Goodwill Discussions

Listed financial services group General Capital (GEN:NZ) advises that its representatives have held discussions with the FMA.

Managing Director, Brent King, said:

“We received a letter from FMA asking GEN to be more detailed in recording the inputs and assumption used in the discounted cash flow model used in respect of the goodwill and intangible calculation for Investment Research Group Limited. The Directors are confident the correct processes have been followed in previous audited financial statements and this has been conveyed to the FMA. We understand that the matter is at an end as far as the FMA is concerned.”

For further information contact:

Brent King

Managing Director

General Capital Limited

+64 21 632 660

Brent.King@gencap.co.nz

17 November 2022

END

 NZX Announcement - 17112022

Comments from our readers

No comments yet

Add your comment:

Your name:
Your email:	Not displayed to the public
Comment:
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Anti-spam verification:

Type the text you see in the image into the field below. You are asked to do this in order to verify that this enquiry is not being performed by an automated process.

Related News:

NZAS Sign Long Term Contracts
Amended - IFT230 Maturity and Exchange for IFT350
Synlait forecast milk price update
Chorus submits 2023 fibre regulatory report
Infratil Infrastructure Bond Exchange Offer opens
May 31st Morning Report
NZAS and Mercury sign long-term agreement, creating opportunity for future investment in renewables
Meridian and NZAS sign long term contracts
ArborGen Holdings Results for Year Ended 31 March 2024
BAI - Full unaudited results to 31 March 2024