Scoop has an Ethical Paywall
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
Vegetables New Zealand: Asparagus Season In Full Flight: Get It While You Still Can 
Bill Bennett: Download Weekly - How would NZ telecoms cope with another cyclone
NZ On Air: Firm Audience Favourites Lead NZ On Air Non-Fiction Funding
Insurance and Financial Services Ombudsman: Woman Gets $40k More After Disputing Insurer’s Decision
BNZ: A Quarter Of Older NZers Fear Going Online Due To Scam Concerns
University of Auckland: Scientists Develop Tool To Monitor Coastal Erosion In Fine Detail
