Rada loses on 42pc stake]
' ! I ! I PA ' ■ [ Acck anti ■ [ Rad;; Corp liasiquii; it- 42 per cent stake I'n Fullers'’orb it a [substantial | loss aftefr bujing in just ] ahead ; of the Sharemarket crash. I The' new owner. ! Ji scar priup NZ. Ltd. which P-per-ptes (he Taupo [ Cat [ .-atiima’ran. has been; talking |o ißalia for about six weeks. i[ts [company! secretary. Mr John Bryce.] said. ■ ]’ ’ [ . ] ] Jasqar knew Radas f nahposition was not goop, ijie
addedj ; "They had Ito quit the satires and we [were able to ' ta-.e advantage lof that.' Mr BrKcw sold. ' Jascar is wholly owned by MT Bill Carrig. of V>ellington. 'arid also operates ice cream parlours in the capital and hiis an interest] in a Taupo fishing boat. Lojoma [Mr-1 .Bryce sai]d Jascar was eomnjitted to the tourism industry and saw the Fullers stake; as a long-term invest-
ment. [ [ ] Mr Mike'Feeney, managing director of Rada and [a[director of Fullers, said irnj deal, for cash, had beeri signed on Friday Settlemen:: h due in two weeks' . j | I .. . He said Rada- skil[l hac assets for sale, ihclading a penthouse apartment tn Remuera that had been a joint venture between [ Rad’a and Mrs Shirley Gunn. w-Jfe 1 of the Rada chairman. [ Mz Bob [Gunn- ; [
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Press, 26 April 1988, Page 37
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204Rada loses on 42pc stake] Press, 26 April 1988, Page 37
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