Michael Hill eyes tax benefit of up to A$22 mln in ASX shift

Wed, 08 Jun 2016

By Paul McBeth June 8 (BusinessDesk) - Michael Hill International stands to reap a tax benefit of up to A$22 million as part of a restructure to shift its primary listing to Australia's stock exchange. The Brisbane-based company will ask shareholders to approve resolutions at a special meeting on June 23 in Auckland to restructure the business so that the parent company will be incorporated in Australia with its primary listing on the ASX. The transaction has received High Court approval and will see the Australian parent acquire all the...

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