OHL slice taken
PA Auckland Equiticorp Holdings. Ltd, has bought 20 per cent of the ordinary capital of OHL Corporation, Ltd. The sharebroker, Morrow and Benjamin, filled the order for 225,000 shares in OHL on Friday. This gives Equiticorp a total of 456,600 shares at a cost of $1,060,000.
The purchase has been made by Equiticorp Investments, Ltd, a wholly owned investment and merchant banker subsidiary of Equiticorp Holdings. Equiticorp intends to equity account its OHL investment.
Mr lan Gunthorpe, executive director of Equiticorp Investments, Ltd, said that Equiticorp regarded its OHL purchase as a longterm investment, and that Equiticorp considered the prospects of OHL to be excellent, with good potential for increased profits.
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Bibliographic details
Press, 7 May 1984, Page 30
Word Count
114OHL slice taken Press, 7 May 1984, Page 30
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