Scoop has an Ethical Paywall
Richina Seeks To Move To Bermuda
Richina Seeks To Move To Bermuda
Statement made by Richard Yan, Acting Chairman, Richina Pacific Limited
Richina Pacific is to seek shareholder agreement to relocate its place of incorporation to Bermuda from New Zealand.
The company will issue a notice of meeting, including explanatory documentation, to shareholders on or about 24 November 2003 calling a special meeting for 10 December 2003 to vote on the issue.
If shareholders approve the proposal, it is anticipated that the removal of the company from the NZ companies register and the transfer of its place of incorporation to Bermuda will take place on or about 22 December, 2003.
The company has been discussing the possibility of this initiative with shareholders for some two years, and it is an acknowledgement that the future of the company lies in Asia.
Transferring its incorporation to Bermuda will be the first of a number of initiatives. The next will be the headquartering of the company in Singapore.
Ultimately,
Richina Pacific’s primary listing market is likely to be
Singapore. It is our intention, however, to retain a
secondary listing in New
Zealand.
Business Canterbury: Urges Council To Cut Costs, Not Ambition For City
Wellington Airport: On Track For Net Zero Emissions By 2028
Landcare Research: ANZAC Gall Fly Release Promises Natural Solution To Weed Threat
NZ Anti-Vivisection Society: Auckland Rat Lovers Unite!
University of Canterbury: $1.35 Million Grant To Study Lion-like Jumping Spiders
Federated Farmers: Government Ends War On Farming
