Pyne Gould expects to sell remaining NZ assets next year, chairman Mogridge says

Mon, 09 Dec 2013

By Paul McBeth Dec. 10 (BusinessDesk) - Pyne Gould Corp, the asset management firm controlled by George Kerr, expects to sell its remaining $4.8 million of assets still in New Zealand next year as it looks to quit this country and relocate to Guernsey. Chairman Bryan Mogridge told shareholders in Auckland today the bulk of the company’s $151.8 million of assets are located in Australia and the UK and it expects to sell the vestiges of its local portfolio next year, according to speech notes published on the NZX. “Those remaining $4.8 mill...

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