Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 


Compulsory acquisition process drawing to a close

December 5 2012

MEDIA RELEASE

Fisher & Paykel Appliances compulsory acquisition process drawing to a close

Haier New Zealand Investment Holding Company Ltd's (Haier) compulsory acquisition of Fisher & Paykel Appliances is drawing to a close with tomorrow being the last day for shareholders to sign and return Transfer Forms.

Shareholders who have signed and returned their Transfer Forms by December 6, 2012 will receive payment of NZ$1.28 per Fisher & Paykel Appliances share within seven days of the receipt of their Transfer Form.

For shareholders who have not signed and returned the Transfer Form by December 6, 2012, payment for their shares will be made to Fisher & Paykel Appliances. Fisher & Paykel Appliances will hold the payment on trust in an interest bearing bank account until it has been claimed by the shareholder concerned. These Fisher & Paykel Appliances shares will be transferred to Haier in accordance with the provisions of the Takeovers Code.

“While we have received the paperwork from the majority of shareholders, we encourage those who have yet to provide their completed Transfer Forms to do so before December 6, 2012,” said Liang Haishan, Chairman of Haier New Zealand Investment Holding Company Ltd, and President of Haier White Goods Group.

ENDS

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Wine: 20% Of Marlborough Storage Tanks Damaged By Quake

An estimated 20 percent of wine storage tanks in the Marlborough region, the country’s largest wine producing area, have been damaged by the impact of the recent Kaikoura earthquake. More>>

ALSO:

ACC: Levy Recommendations For 2017 – 2019 Period

• For car owners, a 13% reduction in the average Motor Vehicle levy • For businesses, a 10% reduction in the average Work levy, and changes to workplace safety incentive products • For employees, due to an increase in claims volumes and costs, a 3% increase in the Earners’ levy. More>>

Women's Affairs: Government Accepts Recommendations On Pay Equity

The Government will update the Equal Pay Act and amend the Employment Relations Act to implement recommendations of the Joint Working Group on Pay Equity. More>>

ALSO:

Immigration: Increase In Seasonal Workers For RSE

The current cap will be increased by 1,000 from 9,500 to 10,500 RSE workers for the 2016-17 season. Mr Woodhouse says the horticulture and viticulture industry is New Zealand’s fourth largest export industry, producing almost $5 billion in exports. More>>

ALSO:

Hurunui: Crown Irrigation Invests Up To $3.4m In North Canterbury

Crown Irrigation Investments will invest up to $3.4m in the Hurunui Water Project, an irrigation scheme that will be capable of irrigating up to 21,000 hectares on the south side of the Hurunui River in North Canterbury. More>>

ALSO:

Not So Great:Butterfly Eradication Success

The invasive pest great white butterfly has been eradicated from New Zealand in a world-first achievement, Primary Industries Minister Nathan Guy and Conservation Minister Maggie Barry say. More>>

Gordon Campbell: On The Government’s Tax Cuts Fixation

Long before the earthquake hit, the dodginess of the government tax cuts programnme was evident in the language of its packaging. It is being touted as a “tax cuts and family care” package... More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news