NEWS IN BRIEF

Press, 25 May 1977, Page 23

NEWS IN BRIEF

C.B.C. allots shares The Commercial Banking Company of Sydney. Ltd, has alloted its first batch of 584,409 shares to Commercial and General Acceptance, Ltd, (C.A.G.A.) in return for a similar number in C.A.G.A. This is in the terms of the offer that the C.B.C- mad: for all the outstanding shares in C-A.G.A. on February 24. The new bank shares rank fully for any dividend declared by C.B.C. and rank pari passu with the existing shares of the bank. The paid capital of C.B.C. has increased $584,409 to S4O-7M. Pioneer C. expands Pioneer Concrete Services, ‘Ltd, and the Sekisui group I of Japan are to build a sAust2M plastics manufacturing factory in Sydney. Sekisui is to acquire a 40 per cent stake in S and J Plastics Engineering Proprietary. Ltd, a subsidiary of Pioneer Concrete, which is to be renamed Pilon Plastics Proprietary, Ltd. Pioneer Concrete Associated in Australia for its pre-mixed concrete and quarry activities, is also the largest Australian manufacturer of PVC foam and polythylene foam. Register returned The share register of McSkimming Industries, Ltd, has been returned to Dunedin, and all inquiries regarding ;past share transactions should now be directed to the sec-) retary of th- company, P. 0.) Box 5340, Dunedin. i

Sortie name ehanged\ ;! At an extraordinary gen-1 f era I meeting of Norvic Foot-| j I wear, Ltd, the shareholders I J resolved unanimously *-o| • (change the name of the com-1 Jpany to Suckling Industries,! ' I Ltd- The necessary consent > i the use of this new name has 5 already been obtained from the Registrar of Companies! and the relevant documents ’ have been filed with the Com- i J panies Office. ) Skellerup to pay <ic 1 Skellerup Industries. Ltd.: )will pay a steady interim dividend of 5 cents a share; ■1(10 per cent, on the 50c ordinary shares, on July 1. fori 1 the year ended March 31. Ex; ’ dividend June 16. - Apicton King issue )- Newton King. Ltd, is to- ) make a one-for-two non-re-l ; nouncable 11 per cent speci- • fied preference issue, con-! . verting on June 30, 1983 on . one ordinary share for one) preferance share. The issue! ) is at par (100 c a share). 1 Business personal ) Mr A. S. Paterson will join ’the board of Rangatira, Ltd, • the investment company for i the J. R. McKenzie Trust. Mr .Paterson, a chartered ac-) ; countant, is a director of) I Bonds (N.Z.), Ltd, Steel and. Tube Company of N.Z-, Ltd,] land Golden Bay Cement Com-| Ipany, Ltd.