MIDDAY UPDATE: Carter Holt on hold, housing values surge, Wynyard taps investors for $45M

Tue, 09 Jun 2015

By Suze Metherell June 9 (BusinessDesk) - Carter Holt Harvey Group has put its plan to list on the New Zealand and Australian stock exchanges on hold, citing an uncertain earnings outlook. Auckland-based Carter Holt, owned by billionaire Graeme Hart's Rank Group, said last month it planned to sell shares in the company with Rank to retain a significant holding. The IPO, which had been slated for the middle of the year, has now been put on hold following changes in market conditions in recent weeks which introduced a level of uncertainty t...

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