Foresta Group Holding (ASX:FGH) received approval from the New Zealand Overseas Investment Office to extend the timeframe to advance negotiations for its New Zealand project, according to a Tuesday filing with the Australian bourse.
The extension grants the company additional time to acquire the land by July 8, 2026, obtain resource consent for plant construction by Dec. 31, 2026, and start operations by Dec. 31, 2029, the filing said.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.