TRS shareholder Paul Choiselat mum on support for Mega reverse listing

Tue, 25 Mar 2014

By Paul McBeth March 26 (BusinessDesk) - Paul Choiselat, the controlling shareholder of TRS Investments, is staying mum on whether he’ll agree to a deal to list Kim Dotcom’s Mega data storage and encryption company until he sees the paperwork. Auckland-based TRS plans to buy Mega for $210 million by issuing 700 million shares at 30 cents apiece to Mega shareholders, after undertaking a 148 for 1 consolidation. Mega shareholders would own 99 percent of TRS, which would adopt Mega as its name. Choiselat’s family interests own 73 percent of...

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