Global brokerage group Blackwell Global announces that its acquisition of a cornerstone shareholding position in NZF Group Limited (NZF), in conjunction with the restructure of NZF, has been successfully completed and NZF has been renamed Blackwell Global Holdings Limited (ticker code BGI). BGI has resumed trading on the NZX Main Board, New Zealand’s senior Stock Market.
NZF originally commenced trading in 1999 and provided financial services including investments and a range of personal and commercial lending products. Following the acquisition of its cornerstone position, Blackwell Global Holdings Limited plans to raise further new capital to pursue expansion of its lending products and expertise as a derivative issuer.
“The acquisition of our cornerstone shareholding in NZF Group Limited is an important step in our strategy of creating business synergy and solidifying our foothold in the global finance industry,”said Michael Chai, Chairman of the Blackwell Global Group, “We aim to inject renewed stability with Blackwell Global’s asset financing solutions. Our external investors can be assured of the stable support, flexibility and expertise we offer with our customised solutions, a service we have built our global business upon.”
Michael Chai, James Law and Ewe Leong Lim have also been appointed to the Board of Directors of Blackwell Global Holdings Limited, joining Sean Joyce and Craig Alexander who will continue as independent directors. Former director, Mark Thornton, will undertake the role of Chief Executive Officer of the finance company operation to be launched later this year.