Opotiki Packing shareholders approve $4.85M capital raising; Maori Trustee, Quayside buy stakes

Fri, 18 Dec 2015

By Jonathan Underhill Dec. 19 (BusinessDesk) - Opotiki Packing and Coolstorage shareholders have approved a capital raising plan that includes the Maori Trustee, Te Tumu Paeroa, and Bay of Plenty Regional Council’s investment arm each taking a 10.1 percent stake in the kiwifruit packing business. The Opotoki-based company, which services kiwifruit growers in the Eastern Bay of Plenty and Gisborne regions, is raising $4.85 million selling shares to existing shareholders and suppliers, Te Tumu Paeroa, and the council’s Quayside Holdings, wh...

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