Tender offer rushed
PA Wellington The Industrial Equity (Pacific), Ltd,,offer for subscription by tender of up to 19 million new shares of SHKI each has been oversubscribed. lEP, the Hong Kong arm of Brierley Investments, said that the striking price had been set at SHKIS ($NZ4.33) a share. The price was determined in consultation with Jardine Fleming (Securities), Ltd. lEP said that at this striking price the issue has been subscribed about 105 per cent.
The basis of allocation would be announced as soon as possible. lEP is the Hong Konglisted subsidiary of Industrial Equity, Ltd, of Australia, an associate of Well-ington-based Brierley Investments.
lEP has said it expects a net profit of not less than SNZ3S million in the year ending this June 30.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/CHP19850601.2.120.12
Bibliographic details
Press, 1 June 1985, Page 23
Word Count
125Tender offer rushed Press, 1 June 1985, Page 23
Using This Item
Stuff Ltd is the copyright owner for the Press. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons BY-NC-SA 3.0 New Zealand licence. This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Copyright in all Footrot Flats cartoons is owned by Diogenes Designs Ltd. The National Library has been granted permission to digitise these cartoons and make them available online as part of this digitised version of the Press. You can search, browse, and print Footrot Flats cartoons for research and personal study only. Permission must be obtained from Diogenes Designs Ltd for any other use.
Acknowledgements
This newspaper was digitised in partnership with Christchurch City Libraries.