Good Spirits Hospitality Limited has announced that it has received a waiver from NZ RegCo to amend its term loan agreement with Pacific Dawn Limited, without requiring shareholder approval.
The company is also in the process of selling its assets and is currently in discussions with potential purchasers.
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The deal is subject to regulatory approvals and commercial conditions.
Every sector of the Australian share market has lost ground.
The S&P/NZX 50 Index closed at the day’s low of 12,349.47, down 46.79 points or 0.38%.
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