Leyland Gth approval
PA Wellington Leyland Growth, Ltd, shareholders yesterday gave approval for the acquisition of unlisted RDC Holdings, Ltd. RDC manages $129 million in developments, with a further $6OO million in various planning stages, Leyland Growth said in a statement.
Payment would be by
way of an issue of 13,020,833 shares to NZI Corporation, Ltd. NZI will hold 35 per cent of the enlarged company. Acceptances for the Leyland Capital, Ltd, takeover were over 80 per cent, and the final date for acceptance has been extended to September 20. The offer had been made unconditional. NZI Investment Services, Ltd, is already a substantial shareholder of Leyland Growth stock.
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Press, 2 September 1986, Page 28
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109Leyland Gth approval Press, 2 September 1986, Page 28
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