P-West moves
Prime-West Corporation, a Christchurch-based property and investment group, has acquired White Developments, Ltd, a private property investment company.
White Developments owned substantial commercial properties in the North Island which would enhance PrimeWest’s property portfolio, said Mr Neil Blair, the executive chairman of Prime-West. The consideration for the transaction involved the issue of 13,750,000 shares of 5c each in Prime-West at a premium of 15c each, with the balance payable in cash.
Prime-West has also extended its activities in the eyewear industry. Cantarus Industries, Ltd, the wholly owned Prime-West subsidiary holding the group’s photographic and eyewear interests, has acquired the consumer eyewear division of New Zealand Optical, Ltd. The transaction involved a cash settlement.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/CHP19880201.2.124.9
Bibliographic details
Press, 1 February 1988, Page 26
Word Count
115P-West moves Press, 1 February 1988, Page 26
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