GuocoLeisure, once known as Brierley, to leave NZX in June 2014

Mon, 23 Dec 2013

Dec. 23 (BusinessDesk) - GuocoLeisure, the diversified investment company once known as Brierley Investments, plans to delist from the NZX, meaning its dwindling New Zealand shareholder base will have to use the Singapore Exchange in future. The Singapore-based company said New Zealanders now own just 4.2 percent of total shares on issue. So far in 2013, daily turnover on the NZX has been 22,567 shares compared with 2.3 million a day on the SGC. “The board considers that the costs of remaining listed on the NZSX outweigh the benefits of main...

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