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Wellington Drive Technologies

Wellington Drive Technologies raises $7.7m

Wellington Drive Technologies raises $7.7m
Wellington, Sept 21 NZPA - Energy-efficient motor maker Wellington Drive Technologies has raised $7.67 million in capital before costs. A share purchase plan has raised $2m before costs, with 28.77m shares to be issued tomorrow at 7.038c each.

Wellington Drive signs deal with US motors manufacturer

Wellington Drive signs deal with US motors manufacturer
Wellington, May 17 NZPA - A New Zealand based company has signed a distribution agreement with American electronic motors manufacturer AO Smith to sell its product throughout the United States.

NZ sharemarket drops 1.49 percent amid global rout

NZ sharemarket drops 1.49 percent amid global rout
Wellington, May 5 NZPA - The New Zealand sharemarket fell 1.492 percent today as a global equity market rout continued in this time zone.

NZ sharemarket ends little changed again

NZ sharemarket ends little changed again
Wellington, March 12 NZPA - The New Zealand sharemarket continued to reflect a patchy economy, ending today mixed on light volume. The Warehouse finished down 6c at 386, having risen to 402 after reporting a 17 percent rise in half-year net profit to $57.4 million.

NZ Sharemarket Posts Modest Gain In Quiet Session

NZ Sharemarket Posts Modest Gain In Quiet Session
Wellington, March 5 NZPA - The New Zealand sharemarket rose for an eighth successive trading day to a six-week high but brokers described it as a quiet day.

Nz Sharemarket Starts Week Higher

Wellington, March 1 NZPA - The New Zealand sharemarket rose today with investors seeing some positives in the smaller company announcements to the exchange.

Wellington Drive Technologies $8.5m Capital Raising

Wellington Drive Technologies $8.5m Capital Raising
Wellington, Sept 14 NZPA - Wellington Drive Technologies is proposing to raise $8.5 million through a placement of shares with its largest shareholder, Hunter Hall Investment Management.

New Zealand Sharemarket Little Changed

New Zealand Sharemarket Little Changed
Wellington, June 10 NZPA - The New Zealand sharemarket was little changed today ahead of the Reserve Bank of New Zealand's interest rate decision tomorrow. The benchmark NZSX-50 index closed up 5.567 points, or 0.197 percent, at 2827.971, after yesterday gaining 5.8 points.

Wellington Drive Technologies Projects Bigger Loss

Wellington Drive Technologies Projects Bigger Loss
Wellington, June 10 NZPA - Wellington Drive Technologies is projecting a full-year loss of $11.45 million and is progressing plans to introduce a cornerstone shareholder. The projected loss for the year to December 31, 2009 is $1.7m more than the company projected in January.

Wellington Drive Technologies Raises $10.75m Through Share Sales

Wellington Drive Technologies Raises $10.75m Through Share Sales
Wellington, March 2 NZPA - Auckland-based maker of energy efficient motors Wellington Drive Technologies (WDT) says it has raised $10.75 million through the sale of shares. A rights issue which closed on Friday raised $9.1m of the $11.4m sought, the company said today.

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