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Fletcher Challenge Forests Share Price
Fletcher Challenge Forests Share Price
AUCKLAND, 9
October 2000 – In response to the 17 cents per share
decrease in the price of the Fletcher Challenge Forests
share, to 63 cents since 3 October, the Chief Executive
Officer of Fletcher Challenge Limited, Mr Michael Andrews,
advised the New Zealand Stock Exchange today that as
previously indicated, intensive and comprehensive work on
the separation process of the company’s targeted stock
structure, is continuing.
However, he added that Fletcher Challenge is currently not in a position to make any further statement regarding that process. The company has kept the market fully informed of the alternatives being pursued.
Mr Andrews reiterated when arrangements are finalised, an announcement will be made.
ENDS
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