Subsidiary of Chase to list
NZPA-AAP Brisbane The Chase Corporation, Ltd, Australian property investment unit, Interchase Corp, Ltd, will seek an Australian Stock Exchange listing in August after raising sAust2o9M through public share and note issues.
Interchase’s prospectus says the company’s first asset will be Brisbane’s Myer Centre, an underground shopping development being built in the heart of the city. It will have a Myer store as its major tenant Interchase says it will have the right to buy all future Australian property developments by Chase. According to the prospectus, Interchase will raise $320.14M. Chase Australia, wholly owned by Chase Corp, will pay about SUM for a 49.5 per cent interest. Investors will be offered 50.5 M 50c shares at 200 c each, and 48.06 M 12 per cent convertible subordinated unsecured notes at 225 c each.qjjL
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Press, 26 June 1987, Page 11
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137Subsidiary of Chase to list Press, 26 June 1987, Page 11
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