A curious case: the hostile bid for Taupō's Bruce McLaren Park

Car enthusiasts flocked to Taupō last month (credit: Danny Wood Photography).

Sat, 13 Mar 2021

Hands up if you didn’t know New Zealand had a publicly listed racing car track.No need to be embarrassed.Bruce McLaren Park, on the outskirts of Taupō, was listed on June 24, 2019, on the Unlisted platform under the ticker TMP.But it hasn’t exactly lit the sky since.In fact, the shares have only traded once in all that time, on Nov 29, 2019, when a parcel of 10,000 shares changed hands at the listing price of $1 a share.Its largest shareholder, at 10%, is the Rotorua Energy Trust and the share register, currently 179 shareholders ho...

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