Benefits of Chow property deal in reverse takeover of RIS outweigh negatives, independent adviser says

Mon, 08 Feb 2016

By Fiona Rotherham Feb. 9 (BusinessDesk) - An independent adviser’s report gives the thumbs up to a proposed backdoor listing of a company owned by Wellington property developers and brothel owners John and Michael Chow despite existing shareholders of the shell company RIS Group being heavily diluted and debt increasing substantially. NZAX-listed RIS Group has agreed to accept a conditional offer from trusts associated with the Chows which would see it buy the shares in the brother’s 16 Park Avenue company, a South Auckland provider of l...

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