Mykco shell to acquire Corporate Holdings for $6.1M of shares in backdoor listing for General Finance, IRG

Mon, 28 May 2018

By Jonathan Underhill May 28 (BusinessDesk) - Mykco, the NZX-listed shell left over when Malaysian investors bought back the internet company Mykris, has agreed to buy Corporate Holdings (CHL) for $6.1 million in shares in a backdoor listing for non-bank lender General Finance and NZX sponsor Investment Research Group. The biggest shareholders in Corporate Holdings are Malaysia-based Rewi Bugo and Brent King. King will manage the group, taking charge of his first finance company since exiting Dorchester Pacific in 2006. Under the agree...

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