Contact Energy Limited (NZX: CEN) released an operating report for October 2020 that showed its customer business recorded mass market electricity and gas sales of 346 GWh compared to 379 GWh in October 2019. Some of the highlights of its wholesale business for October 2020 are as follows: Contracted Wholesale electricity sales, including that sold to the Customer business, totalled 638 GWh compared to 644 GWh in the same month in 2019.
* Plexure Plans to Raise Capital for Global Expansion Plexure Group Limited (NZX: PLX) is planning to raise about NZ$32.0 million through an underwritten private placement of A$30.0 million and NZ$5.0 million through a share purchase plan (SPP). These funds will be used to increase the company’s footprint in the international market via investment in: Staffing to support customer expansion.
* RBNZ Plans to Re-Instate LVR Restrictions The Reserve Bank of New Zealand shall discuss re-instating loan-to-value ratio (LVR) limits on high-risk lending effective from 1 March 2021. The LVR limits are applied to minimize the risks to financial strength from higher-risk lending.