Sybos Holdings sold about 27m shares (13.2%) in Ebos Group at $35.50 a share.
Ryman posted a $436.8m net loss.
Sybos is selling $949 million worth of Ebos shares at an 8.80% discount.
Stable property values helped the company report net profit after tax of $109.6m.
New government depreciation rules won’t change its investment plans.
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