Kay Corp. Takes Over Viking Mill
(N.Z. Press Assn.— Copyright)
MELBOURNE, Feb. 22. Kay Corporation, Ltd., has acquired Viking Mills Pty.. Ltd., and its four subsidiaries from Stanhill Consolidated,
Ltd. Viking Mills was formerly known as Tufton Corporation, Ltd.
Stanhill consolidated took over Tufton Corporation in 1959 when it bid ,7s 9d in shares and cash for each 5s share.
Asset backing of the shares at July 31 last year was less than Id. In the year to July 31 Viking Mills incurred a trading loss of £12,622 and lost another £53,189 on the sale of fixed assets.
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Bibliographic details
Press, Volume CII, Issue 30065, 25 February 1963, Page 16
Word Count
98Kay Corp. Takes Over Viking Mill Press, Volume CII, Issue 30065, 25 February 1963, Page 16
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