Please see attached Capital Change Notice, in relation to the allotment of CHI ordinary shares under the retail component of the fully underwritten accelerated renounceable entitlement offer announced to NZX on 25 November 2024.
The S&P/NZX 50 Index closed at 12,266.25, gaining 57.2 points or 0.47%.
Goldman Sach analysts have a 12-month target price of A$2.85 ($3.14).
An investment firm bought the stake, which included 116,145 hectares of forestry.
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