Kupe trades again
PA Wellington The Stock Exchange lifted its suspension of Kupe Group shares before trading started yesterday. The suspension followed Tuesday’s announcement that the company had postponed for 30 days its cash issue.
Kupe’s secretary, Mr Jim Bruford, said the shares had been trading as ex-rights to the issue
since last Wednesday. Once the issue had been postponed, the shares had to be reinstated on a cum cash issue basis. The suspension enabled the exchange to consider all of the repercussions of the postponement, Mr Bruford added.
Kupe shares closed 1c higher at 35c on the exchange yesterday.
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Press, 25 August 1988, Page 26
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100Kupe trades again Press, 25 August 1988, Page 26
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