NZ Automotive Investments Limited announced it has executed a new, lower cost trade finance facility with Finance Now. Finance Now, with whom 2 Cheap Cars has enjoyed a long-term strategic partnership, is providing a USD 5.0 million trade finance facility, replacing NZAI's current arrangement with ASB. CEO Paul Millward said the new arrangement is a win win - leveraging an already strong relationship and providing 2 Cheap Cars access to working capital finance at a lower rate.
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5-day change | 1st Jan Change | ||
0.84 NZD | 0.00% | +1.20% | +2.44% |
24/05 | 2 Cheap Cars Group Limited Reports Earnings Results for the Full Year Ended March 31, 2024 | CI |
24/05 | 2 Cheap Cars Group Limited Provides Earnings Guidance for the Fiscal Year 2025 | CI |
1st Jan change | Capi. | |
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+2.44% | 2.37Cr | |
+13.85% | 1.15TCr | |
-11.28% | 1.07TCr | |
-7.22% | 1.01TCr | |
+10.41% | 672.57Cr | |
+4.11% | 474.91Cr | |
-25.59% | 434.34Cr | |
-13.50% | 338.62Cr | |
-14.06% | 246.2Cr | |
+0.59% | 194.26Cr |
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