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
Zhenbo Wang, The Conversation: From New Commercial Moon Landers To Asteroid Investigations, Expect A Slate Of Exciting Space Missions In 2025
Worldline: Boxing Day Spending Up On Last Year, But Pre-Christmas Spending Is Slightly Down
Skoltech: Scientists Reinvent Physical Laws Governing Formation Of Snowflakes, Raindrops, And Saturn’s Rings
Trademe: Trash To Treasure - Kiwi Make The Most Of Unwanted Christmas Gifts 
Financial Markets Authority: FMA Seeks Clarity From High Court On Use Of Eligible Investor Certificates In Wholesale Investment Sector
Scion: Scion’s Novel Internship Model Connects Talent With Industry
