Innes Industries Premium Issue
(Hew Zeauma Press Associatum/ AUCKLAND. August 2 Innes Industries, Ltd., Aucklano is issuing 50,600 ordinary £ shares at a premium of £1 t< existing ordinary shareholders ir the ratio of one new share foi every four held at July 29. The issue, which will increast paid capita] to £350.000. mciuo ing £100,060 in preference share: will be used to finance expansioi in the subsidiary companies especially C. L Innes and Com pany, Ltd, which requires tiigbe capacity machines to meet de mand for its products.
Concrete maunnes,—Concrete i, dustries (Australia) Ltd.. Melbour (The Monter group) announced profit lor 1959-60 of iust ov £BOO.OOO before orovision tor tax tion and subject to audit This an increase oi about >£350.000 o' the corresponding figure last v< (£449.899 before taxation proviso. —Reuter.
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Bibliographic details
Press, Volume XCIX, Issue 29273, 3 August 1960, Page 17
Word Count
132Innes Industries Premium Issue Press, Volume XCIX, Issue 29273, 3 August 1960, Page 17
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