Coronet in share buy
PA Wellington Coronet -Equities N.Z. has bought more shares in Coronet, United Kingdom and Coronet JFar East. :'.The Stock Exchange was told.'that the New Zealand company’s stake Jn Coronet UnitediStKingdorrr? was now 59.3 per»cent?of the ordinary shares alter' buying a further 1.5 million units., at an average price of 17.23 c each. The last sale ’price .o'hjthe sharemarket was 20c. A - 'J The New Zealand company • said that its holding ip Coronet Far East had increased 50.6% of thh ordinary shares after buying 5.9 M shares at ’an average price of 17.03 c each. The last market price was also 20c. j . This metins that the total, holding in (the United King-;, dom firm I has gone I from 57.76% to 634%, and in the Hong Kong company from 45.2% to 157.7% after the holdings of; partly paid shares of both I companies were taken into account. |
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Press, 13 April 1988, Page 34
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151Coronet in share buy Press, 13 April 1988, Page 34
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