Chemcorp stake
Burns, Philp and Company has bought the outstanding 49 per cent of New Zealandbased Chemcorp Holdings from the private investment company, Tappenden Holdings, for an undisclosed sum. Chemcorp, a chemical cleaning, storage and transport group has annual sales of SNZ4OM.
Cavalier div. The directors of Cavalier Corporation have declared a second interim dividend for the year ended June 30 of 3c a share (6%) payable on September 23. The dividend gives a steady annual rate of 5.5 c a share. The bonus shares in lieu of dividends would apply for the dividend, but no final dividend would be recommended.
Firms merge Copying Products, a leading maker and marketer of computer items, and its associate retail company, Caribonum Sales New Zealand will merge to become Sympro House on September 1, a wholly owned subsidiary of UEB Industries.
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Bibliographic details
Press, 30 August 1988, Page 28
Word Count
138Chemcorp stake Press, 30 August 1988, Page 28
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