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The latest update is out from Channel Infrastructure NZ Limited ( (NZ:CHI) ).
Channel Infrastructure NZ Limited shareholders have overwhelmingly approved the board’s authority to set the fees and expenses of Ernst & Young as the company’s auditor for the financial year ending 31 December 2026. The single ordinary resolution at the 2026 Annual Shareholders Meeting passed with 99.84% of votes in favour on a poll basis, covering a share base of more than 414 million shares, reinforcing governance continuity and signalling investor support for the existing audit and oversight framework.
The poll was conducted in line with NZX Listing Rule requirements and independently scrutineered by the company’s share registrar, Computershare. The result maintains Channel Infrastructure’s established audit relationship, providing stability around financial reporting as the company pursues growth opportunities in fuel storage, energy transition projects and fuel supply resilience for New Zealand.
More about Channel Infrastructure NZ Limited
Channel Infrastructure NZ Limited is New Zealand’s largest fuel import terminal operator, handling around 40% of the country’s transport fuel and 80% of its jet fuel. Operating from Marsden Point with deep‑water harbour and extensive storage, it supplies Auckland and Northland via a 170‑kilometre pipeline and trucking, and is positioning its Marsden Point Energy Precinct to support lower‑carbon future fuels and broader energy security initiatives.
Average Trading Volume: 698,263
Technical Sentiment Signal: Buy
Current Market Cap: N$1.24B
Learn more about CHI stock on TipRanks’ Stock Analysis page.