Datacraft goes to New Zealand

Datacraft Asia has announced plans to acquire Datacraft New Zealand a wholly owned subsidiary of Datacraft Limited for US$5.418 million. According to officials, Datacraft Limited, through its wholly owned subsidiary, Datacraft Asia Holdings, holds about 56.1% of Datacraft Asia.

The new agreement will allow Datacraft Limited to significantly cut its level of borrowing in Australia enabling the Australian business to grow and take advantage of business opportunities, according to the company.

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