Investors Mutual boosts stake in SkyCity on year low share price

Thu, 03 Nov 2016

By Edwin Mitson Nov. 3 (BusinessDesk) - Investors Mutual, the Australian equity fund manager, has increased its stake in the casino operator, SkyCity Entertainment Group to 6.25 percent, documents filed with the NZX show. The investor now holds 40,793,496 of the 652,750,845 shares on issue for SkyCity following a series of purchases since Oct. 10. It had not updated the market on a movement of a substantial holding since August 2013, when it held 29,545,487 of the 576,958,340 shares on issue, or 5.12 percent. It spent $2.9 million t...

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