Talks over disclosure
NZPA-AAP Perth The Australian Stock Exchange (ASX) is holding discussions with Bond Corporation Holdings over whether Bond Corp will be required to disclose more information over its planned Australian brewing joint venture with the New Zealand brewer Lion Nathan.
The managing director of ASX (Perth), Mr Chris Cole, confirmed talks were proceeding with Bond, but declined to reveal the nature of the discussions. Bond announced last week that its Swan, Tooheys and Castlemaine breweries would be sold to its 58-per-cent owned subsidiary, Bell Re-
sources, for sAust2.s billion ($NZ3.288) before being folded into a joint venture owned equally by Bond and Lion Nathan. Neither Bond nor Lion Nathan has released specific details of the deal, including Lion Nathan’s entry price into the joint venture or a timetable for its completion.
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Press, 26 September 1989, Page 21
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133Talks over disclosure Press, 26 September 1989, Page 21
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