Board recommends liquidation
(New Zealand Press Association)
AUCKLAND, July 19. The Directors of Auckland Transport Holdings, Ltd, will ask shareholders to approve the voluntary winding-up of the company.
The chairman and manag-ii ing director (Mr Rolf Porter)'' says in a memorandum with the annual report that on;: liquidation shareholders; would receive about 170 c for' each 100 c share. The shares sold at 110 c on March 10. . I Shareholders will be asked to approve the move after < the annua) meeting on August 9. The motion proposes that an Auckland chartered [accountant, Mr P. W. Graybum, who is secretary of the company and a director, be appointed liquidator. ! As announced, the group bet profit increased $40,663,1
I [or 55.7 per cent to $113,807.’; 'The result included depreciaition recovered, which was not included in last year’s figure. [ Depreciation was $2421; lower at $142,401 and tax was $57,827 higher at . $129,759. I' The unchanged 7 per cent; dividend took $49,678. Shareholders’ funds were $218,722 higher at $2,012,335.1, ■ Rights market Buy Sell Sale [ B. Fin. .. 90 1 C. . 5 a 5 I I Tee Vee . 45 1
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https://paperspast.natlib.govt.nz/newspapers/CHP19710720.2.180.4
Bibliographic details
Press, Volume CXI, Issue 32663, 20 July 1971, Page 17
Word Count
184Board recommends liquidation Press, Volume CXI, Issue 32663, 20 July 1971, Page 17
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