Bethunes shareholders to vote on Transport Investments Ltd deal next month

Sun, 19 Nov 2017

By Paul McBeth Nov. 20 (BusinessDesk) - Bethunes Investments shareholders will vote next month on a deal to use its NZX listing as a vehicle for freight and logistics firm Transport Investments Ltd to go public while shifting its remaining assets into a new entity. The company's 335 shareholders will meet in Auckland on Dec. 5 to consider the reverse listing which if approved will see them own 0.6 percent of the transport group, which has an enterprise value of $200 million, and keep their relative stakes in a new holding company - New B...

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