GSH Market Update - Completion of Sale of Assets
TRANSACT
Thu, Nov 02 2023 08:30 am
Auckland, 1 November 2023: Good Spirits Hospitality Limited is pleased to advise that the sale of its business assets to Brew on Quay Limited has been successfully completed. The Company will continue to work on meeting its post-completion obligations in respect of the sale, as well as obtaining the Binding Ruling (as described in the notice of meeting) and, subject to that and meeting the solvency test in the Companies Act 1993, the Company still intends to make a distribution as advised in previous announcements.
The Company will keep the market updated as to these aforementioned activities, including the planned eventual delisting providing at least 5 business days' advance notice of the exact delisting date.
END
Company Secretary
Good Spirits Hospitality Limited
Email: [email protected]
Announcement PDF
Markets News
Markets
Market Close
NZ sharemarket up 0.4% after a2 Milk surge
The S&P/NZX 50 Index closed at 12,266.25, gaining 57.2 points or 0.47%.
Markets
Goldman Sachs downgrades Fletcher Building to sell
Goldman Sach analysts have a 12-month target price of A$2.85 ($3.14).
Primary Sector
Rayonier exits NZ with $1.2b forestry sale
An investment firm bought the stake, which included 116,145 hectares of forestry.
