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

Fiona Rotherham
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...

Not convinced yet?

Subscribe to our Daily News Update free newsletter.

Markets FREE
Contact Energy kicks off earnings season
Staff reporters | Mon, 15 Aug 2022

Contact Energy kicked off earnings season today, telling shareholders its annual profit had dipped 2.6% from 2021, and a $300 million investment into a new geothermal power station is on the way.

Aucklanders must get out of cars, onto public transport, says emissions plan
Oliver Lewis | Mon, 15 Aug 2022

Auckland council has unveiled its pathway to reduced transport emissions.

Law & Regulation
Address climate change now, supreme court told
Victoria Young | Mon, 15 Aug 2022

Fonterra, Genesis and others face climate change activist Mike Smith.

Communication the barrier to ‘human firewall’ technology

Communication is the barrier to New Zealand adopting the global Zero Trust cybersecurity strategy, says a new survey.

A clearer path to the cloud

Step-by-step cloud transition can bring benefits, experts say.