A company's board has approved acquiring a stake in another firm. This will be done by exchanging shares. The target company, also known as Gimme NZ, is involved in food delivery and marketing premium liquor products. It was incorporated in 2017 and has its office in Christchurch, New Zealand.

The target company's financial performance is available, showing a turnover for the last financial year. Further details about the company and the acquisition can be found in the original announcement.

The acquiring company's move is a significant development, with the target company having reported increased turnover in the last financial year.