23rd November 2021 NZ Super Fund / T&G Global
The apple exporter seeks capital to invest in meeting global demand for its Jazz and Envy apples.
The produce giant will use the cash to fuel its growth strategy, as it faces a profit squeeze from Covid-19.
The produce giant warns its FY21 profit could fall as much as 76% from the $16.6m it posted in 2020.
The new international genetics and variety management business says it has around 50 premium apple, pear and berry projects lined up.
T&G Global’s chairman of nine years, Professor Klaus Josef Lutz, is to step down at the end of its annual meeting on 23 June 2021
OIO approves T&G Global purchase of an 11-hectare Hawke’s Bay site to grow more Envy apples.
Five ships carrying 28,000 cartons of T&G Global’s Envy apples are on their way to Asia.