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

 

By May 2018: Wider, Earlier Microbead Ban

The sale and manufacture of wash-off products containing plastic microbeads will be banned in New Zealand earlier than previously expected, Associate Environment Minister Scott Simpson announced today. More>>

ALSO:

Snail-ier Mail: NZ Post To Ditch FastPost

New Zealand Post customers will see a change to how they can send priority mail from 1 January 2018. The FastPost service will no longer be available from this date. More>>

ALSO:

Property Institute: English Backs Of Debt To Income Plan

Property Institute of New Zealand Chief Executive Ashley Church is applauding today’s decision, by Prime Minister Bill English, to take Debt-to-income ratios off the table as a tool available to the Reserve Bank. More>>

ALSO:

Divesting: NZ Super Fund Shifts Passive Equities To Low-Carbon

The NZ$35 billion NZ Super Fund’s NZ$14 billion global passive equity portfolio, 40% of the overall Fund, is now low-carbon, the Guardians of New Zealand Superannuation announced today. More>>

ALSO:

Split Decision - Appeal Planned: EPA Allows Taranaki Bight Seabed Mine

The Decision-making Committee, appointed by the Board of the Environmental Protection Authority to decide a marine consent application by Trans-Tasman Resources Ltd, has granted consent, subject to conditions, for the company to mine iron sands off the South Taranaki Bight. More>>

ALSO: