Pyne Gould Corp plans to exit NZ, seek London listing

Wed, 13 Nov 2013

By Tina Morrison Nov 14 (BusinessDesk) – Pyne Gould Corp, the asset management firm controlled by George Kerr, plans to exit New Zealand and shift its listing to the London Stock Exchange in the first half of next year, saying it offers better growth prospects. The company is in the process of selling its remaining New Zealand assets, which make up $4.8 million of a total $151.8 million of assets, and expects to continue expanding its investments from its new location, it said in a statement. The move is supported by Kerr, who owns about thre...

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