Allied Farmers has announced that it will be holding a special shareholders meeting on July 11 2024 to discuss proposed constitutional amendments.
The purpose of these amendments is to preserve the company's tax losses.
No further details were provided in the announcement.
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The kiwi was trading below 60 US cents late Monday in Wellington.
The company’s share price rose 55% after the announcement.
The S&P/NZX 50 Index closed at 12,309.91, down 15.7 points or 0.13%.
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