Mtr Hlds control to change
PA Wellington The managing director of the Auckland-based vehicle distributor Motor Holdings, Ltd, Mr Peter Turner, and a fellow board member, Mr Peter Spencer, have obtained approval of the Commerce Commmission for control of the company. The Stock Exchange has been advised that the Examiner of Commercial Practices has approved a proposal for Ocean Industries, Ltd, and Haumoana Investments, Ltd, to acquire up to 100 per cent of listed Auckland-based vehicle distributor, Motor Holdings,
The two directors said later that Ocean and Haumoana, as investment companies owned by Messrs Turner and Spencer, had gained approval to acquire 51 per cent of the company. Mr Turner said the move would have a very positive effect on the company.
“The Turner family, who founded the company in the 19305, had wanted to secure a stronger position in the company for some time — a stabilising move that we feel sure will be welcomed by our staff,” said Mr Turner.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/CHP19850715.2.142.17
Bibliographic details
Press, 15 July 1985, Page 33
Word Count
161Mtr Hlds control to change Press, 15 July 1985, Page 33
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.
Log in