CCHL strategic review to cover dividend policy, investment options

CCHL strategic review to cover dividend policy, investment options
CCHL controls trading companies like Christchurch International Airport on behalf of the council. (Image: Deposit Photos)
Oliver Lewis
A strategic review into a Christchurch council-owned company rocked by the abrupt departure of its CEO will consider new investment opportunities. Christchurch City Holdings (CCHL) controls assets worth more than $5 billion on behalf of the council, including the local airport, port and electricity lines company Orion. A recent investigation by BusinessDesk into the background of its short-lived chief executive, Tim Boyd, uncovered multiple undefended judgments against the Australian in the United States, as well as other serious alle...

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