Cushings buy Moa shares from Colin Neal

Mon, 09 Nov 2020

Hawke's Bay rich-listers, the Cushing family, have lifted their stake in Moa Group, buying 4 million shares at 19 cents apiece from the beer-maker and hospitality chain’s relatively new cornerstone shareholder, Colin Neal.The Cushing’s H&G entity increased its holding to 10.1 percent from a 6.5 percent stake previously after buying shares from Big Chill founder Neal for $760,000 in an off-market transaction due to settle on Tuesday. That’s a small premium to the 18.7 cents price the shares closed at on Friday. The stoc...

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