Astley parcel
The chief executive of Leyland Growth Limited, Mr A. D. Lee, has announced the acquisition of a significant parcel of shares in the Christ-church-based Mair Astley, Ltd. Mr Lee considers that Mair Astley, a trading house and manufacturer, has excellent potential and this is likely to be realised by the existing management team which has a very successful record. Mair Astley is one of New Zealand’s largest exporters with a turnover
in excess of $400,000,000. The Leyland connection gives Mair Astley additional opportunity to take advantage of current trading conditions by expanding at a low point in the economic cycle. Leyland Growth has acquired its holding both on and off market, together with participation in the Mair Astley placement of 2,154,800 shares. The cost of the holding was $8,343,836 and represents 15.5 per cent of Mair Astley’s capital.
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Bibliographic details
Press, 3 September 1986, Page 31
Word Count
140Astley parcel Press, 3 September 1986, Page 31
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