China Resources quits Scales Corp after eight years

Craigs Investment Partners is handling the block sale of apple grower Scales' shares. (Image: Getty)

Thu, 24 Oct 2024

Apple grower Scales Corp has lost its largest single shareholder, China Resources Enterprise, which has sold its 15.064% holding in a block trade organised through Craigs Investment Partners.News that China Resources Enterprise (CRE), a huge Hong Kong-based conglomerate, was quitting a stake it purchased eight years ago came without explanation from Scales in a substantial security holder notice to the New Zealand Exchange (NZX) on Thursday morning.Based on Wednesday night’s closing price for Scales of $3.84 per share, CRE has cleared a $...

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