Bethunes moving ahead with NZ Retail Property Group backdoor listing

Sun, 09 Jul 2017

By Rebecca Howard July 10 (BusinessDesk) - Bethunes Investments says a planned reverse listing with Westgate Power Centre-subsidiary NZ Retail Property Group is a step closer and binding papers are expected to be entered next week. In early March Bethunes - which has been looking for suitable investment options after quitting the auction business last year - signed a non-binding conditional term sheet with the two companies, which it said would be the country's biggest ever reverse listing. NZRPG, a privately-owned property development,...

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