Airwork sale extended as RIFA seeks regulator approval

Tue, 08 Nov 2016

By Edwin Mitson Nov. 8 (BusinessDesk) - Airwork Holdings, the Auckland-based aircraft services business, has received a second takeover notice for the proposed partial takeover by Zhejiang Rifa Holding Group in a move that gives the Chinese group more time to get the backing of regulators and other third parties before a formal offer is made. In October, the Chinese company announced it had entered a takeover lock-up deed with the major shareholders at $5.40 per share. Under the pre-bid deed, RIFA has agreed to make a conditional part...

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