MHI is seeking o have its primary listing in Australia as "this will provide the Company with direct access to a wider group of investors than we currently enjoy and we believe this will be to the benefit of all of our shareholders."
https://www.nzx.com/companies/MHI/announcements/280720

Is this going to be another case of a successful NZ company further sliding out of NZ ownership. The proportion of NZers wealth in shares is still small compared with other countries. There should be no reason why NZ could not support a company that receives most of its revenue and income from overseas operations and sales.

It is ironic to see this market release so soon after figures have been released that indicate that NZ's already very expensive real estate has become even more expensive. Money is puring into Housing yet MHI feels the need to move off-shore to access a wider group of investors. International firms in other countries never seem to have this need as often as NZ companies seem to have. For example Nokia, a massive company, stayed in small Finland despite its Finnish operation be a small part of the total.