{"id":459580,"date":"2026-06-03T22:59:09","date_gmt":"2026-06-03T22:59:09","guid":{"rendered":"https:\/\/www.newsbeep.com\/nz\/459580\/"},"modified":"2026-06-03T22:59:09","modified_gmt":"2026-06-03T22:59:09","slug":"sanford-in-trading-halt-as-ngai-tahu-moves-to-sell-66m-stake","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/nz\/459580\/","title":{"rendered":"Sanford in trading halt as Ng\u0101i Tahu moves to sell $66m stake"},"content":{"rendered":"<p class=\"DjAaGJVL\" style=\"display:none\">\u201cSpecifically, we understand the underwriter appointed by Ng\u0101i Tahu to manage the sale will seek offers of demand from institutional investors and also from eligible retail investors which include retail wealth advisers (and their eligible underlying clients),\u201d Sanford said.<\/p>\n<p class=\"DjAaGJVL\" style=\"display:none\">\u201cWe have been advised this engagement can only be practically achieved during business hours without materially affecting execution.\u201d<\/p>\n<p class=\"DjAaGJVL\" style=\"display:none\">Accordingly, Sanford had requested a trading halt to prevent the risk of a disorderly market in its shares developing.<\/p>\n<p class=\"DjAaGJVL\" style=\"display:none\">Sanford said it wanted trading to resume at the market\u2019s opening tomorrow.<\/p>\n<p class=\"DjAaGJVL\" style=\"display:none\">The stock has risen by 37% over the past 12 months.<\/p>\n<p class=\"DjAaGJVL\" style=\"display:none\">Jamie Gray is an Auckland-based journalist, covering the financial markets, the primary sector and energy. He joined the Herald in 2011.<\/p>\n<p>Stay ahead with the latest market moves, corporate updates, and economic insights by subscribing to our\u00a0<a href=\"https:\/\/www.nzherald.co.nz\/my-account\/profile\/newsletters\/?from=cmp\" target=\"_blank\" rel=\"noopener noreferrer nofollow\" title=\"https:\/\/www.nzherald.co.nz\/my-account\/profile\/newsletters\/?from=cmp\">Business newsletter<\/a>\u00a0\u2013 your essential weekly round-up of all the business news you need.<\/p>\n","protected":false},"excerpt":{"rendered":"\u201cSpecifically, we understand the underwriter appointed by Ng\u0101i Tahu to manage the sale will seek offers of demand&hellip;\n","protected":false},"author":2,"featured_media":140205,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[233236,1443,806,138,1656,3087,2219,2964,65838,78,296,8599,111,139,98615,69,26352,13311,1128,1130,98616,61,780,6123],"class_list":["post-459580","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-66m","tag-about","tag-as","tag-business","tag-company","tag-fishing","tag-gone","tag-half","tag-halt","tag-in","tag-into","tag-moves","tag-new-zealand","tag-newzealand","tag-ngi","tag-nz","tag-sanford","tag-sell","tag-sells","tag-stake","tag-tahu","tag-to","tag-trading","tag-while"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/459580","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/comments?post=459580"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/459580\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media\/140205"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media?parent=459580"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/categories?post=459580"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/tags?post=459580"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}