UPDATE Kirkcaldie shareholder reserves judgment on asset sale

Mon, 29 Oct 2012

(Adds comment from Kirkcaldie on sale to local concern in 13th paragraph) By Pam Graham Oct. 29 (BusinessDesk) - Kirkcaldie & Stains' biggest shareholder, H&G, the investment vehicle for the Cushing family, is reserving judgment on a major asset sale by the retailer which drove the share price up 23% to a four-and-a-half year high. David Cushing says detail is too scant on the company's sale of its Harbour City Centre building in Wellington, so his family, with a 19.9% holding, is adopting a wait-and-see position to the transformational deal...

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