Augusta shareholders back Finance Centre sale

Mon, 25 Jul 2016

By Edwin Mitson July 25 (BusinessDesk) - Augusta Capital's shareholders have overwhelmingly backed the sale of its Finance Centre properties in central Auckland for $96 million at a special meeting to consider the deal. Some 58,239,157 votes or 96.23 percent were cast in favour. 2,281,802 or 3.77 percent of votes were against. Heng Yue Limited, which is controlled by New Zealand resident David (Duoyu) Bei, is buying a total of four sites. They are Augusta House for $30 million, Podium Retail for $25 million, the Finance Centre for $1...

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