OLIMS CONSOL. PURCHASE
Premium Issue As Payment Olims Consolidated, Ltd., Sydney manufacturers, importers and distributors, has issued 20,000 five-shilling ordinary shares at a premium of 15s each as payment for assets of a Caringbah tool and pattern making business. The business has been owned by Mr A. J. Allan. The assets acquired are freehold properties, plant, and equipment Price of the acquisition has been'calculated at £20,000. In January, Olims issued 200,000 shares at a "substantial premium” to acquire Seacoast Products Pty., Ltd., and its subsidiaries.
Paid capital of Olims at last June 30 was £322,000.
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Bibliographic details
Press, Volume CIII, Issue 30443, 18 May 1964, Page 17
Word Count
95OLIMS CONSOL. PURCHASE Press, Volume CIII, Issue 30443, 18 May 1964, Page 17
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