Watch on Richmond
PA Auckland The Stock Exchange is watching the situation developing between Richmond Smart Corporation and the former Landmark chief, Mr Oily Newland. Richmond Smart last week cancelled an agreement entered into in June to buy Mr Newland’s shareholding in Landmark. The executive director of the exchange, Mr Roger Gill, said the situation would be monitored, especially for share prices and transactions, so that there was adequate “background.” DFC NZ is said to have been involved in facilitating and providing financial assistance towards bringing the now aborted deal to completion. A DFC executive, Mr Richard Dimock, declined to comment. Mr Newland said he was still unaware of the reasons for the cancellation. Mr Steven Smart, now executive chairman of Richmond Smart, is understood to be in Japan.
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Press, 28 September 1988, Page 44
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129Watch on Richmond Press, 28 September 1988, Page 44
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