AUSTRALIAN PAPER MANUFACTURERS.
A redistribution of the shareholdings in Australian Paper Manufacturers, Ltd., is under consideration by the directors of the company. It is proposed to give a more direct interest in Australian Paper Manufacturers, Ltd., to the shareholders in the two holding companies, Australasian Paper and Pulp, Ltd.. and Cumberland Paper Board Mills, Ltd. These two companies own all the ordinary capital of Australian Paper Manufacturers, Ltd., which is the operating company. The chairman of Australian Paper Manufacturers, Ltd., Sir Hugh Denison, said that details of the scheme had not yet been fully worked out by the board, but they would be presented for the consideration of shareholders at the annual meeting. Most probably the plan will provide for an exchange of shares in the holding companies for shares in the operating company. If it is approved, it will have to be ratified by the shareholders of the two holding companies.
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https://paperspast.natlib.govt.nz/newspapers/EP19390920.2.109.13
Bibliographic details
Evening Post, Volume CXXVIII, Issue 70, 20 September 1939, Page 12
Word Count
152AUSTRALIAN PAPER MANUFACTURERS. Evening Post, Volume CXXVIII, Issue 70, 20 September 1939, Page 12
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