Bethunes shareholders to vote on Transport Investments Ltd deal next month

Paul McBeth
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...

Not convinced yet?

Subscribe to our Daily News Update free newsletter.

Property
Precinct sees solid lease uplift, pays $8.3m in rent relief
Brent Melville | Thu, 18 Aug 2022

The listed property firm has seen its portfolio valuation climb by $400 million to $3.7 million.

Markets
Auckland Airport shares fall on weaker forward guidance
Dan Brunskill | Thu, 18 Aug 2022

Auckland Airport today said it expects profit to land somewhere between $50m and $100m, as travel in the Asia Pacific region recovers more slowly than in other parts of the world.

Finance
Kiwibank emphasises the 'Kiwi' as it posts record profit
Jenny Ruth | Thu, 18 Aug 2022

Kiwibank grew its business lending by three times the total bank lending growth in the year ended June.

Sponsored
In uncertain times, bricks and mortar hold steady

Can real estate provide a hedge against high inflation? Scott McKenzie, CEO of PMG Funds, talks about why tangible assets can be defensive and how PMG’s latest investment offer will help make the fund more resilient.

Sponsored
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.