Celebrating 25 Years of Scoop
Kiwi Income Property Trust – CBA Preliminary Proposal
NZX RELEASE
24 July 2013
Kiwi Income Property Trust – CBA Preliminary Proposal
The Board of Kiwi Income Properties Limited (KIPL), the Manager of Kiwi Income Property Trust (KIP), wishes to advise that it has received a non-binding, indicative, incomplete and conditional proposal from Commonwealth Bank of Australia (the ‘Bank’) to internalise the management of KIP.
The Board has established a sub-committee of Independent Directors to consider the proposal. That sub-committee is requesting further information from the Bank and will also seek independent advice.
First NZ Capital has been appointed as KIPL’s financial advisor.
ENDS
Advertisement - scroll to continue reading
New Zealand Food Safety: Sales Of Antibiotics For Animals And Plants Down For Sixth Year In A Row
GE Free NZ: Trust The GE Science – Whose?
NIWA: 'Now Or Never' - Fight Against Invasive Clam Gets Critical Boost
The Reserve Bank of New Zealand: RBNZ Releases Updated Financial Stability Indicators
Asia Pacific AML: NZ Has Never Exercised Governance Over Threats From Trans-National Criminals; Easy To Facilitate Trans-National Crime
Trade Me Property: Auckland House Prices Hit Four-year Low, Dropping Below One Million
