Briscoe to seek secondary listing on ASX to broaden investor base

Fri, 19 May 2017

By Paul McBeth May 19 (BusinessDesk) - Briscoe Group, the country's biggest listed retailer, will pursue a secondary listing on the Australian Securities Exchange next week in a bid to broaden its investor base. The Auckland-based company, which is about three-quarters owned by managing director Rod Duke, will apply to list on the ASX as a foreign exempt entity next week, but doesn't plan to raise new capital, it said in a statement. "We believe that the greater visibility from a dual-listing will contribute to increased investor int...

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