UPDATE: Transport Investments to join NZX in reverse listing; Bethunes shares jump

Fri, 27 Oct 2017

(Recasts and updates with Bethunes and broker comments, updates shares) By Paul McBeth Oct. 27 (BusinessDesk) - Bethunes Investments shares almost doubled after signing up New Plymouth-based freight and logistics group Transport Investments Ltd to a reverse listing in a deal valuing the group at $200 million. NZX-listed Bethunes started work on the transaction after an earlier candidate for a reverse listing pulled out, and today entered into an agreement with TIL after just three months, chair Chris Swasbrook told BusinessDesk. Bethu...

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