MCK 1.26% $3.13 millennium & copthorne hotels new zealand limited

Ann: ASSET: MCK: Update: KIN Holdings Ltd acquisition

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    • Release Date: 09/02/15 08:30
    • Summary: ASSET: MCK: Update: KIN Holdings Ltd acquisition
    • Price Sensitive: No
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    					MCK
    09/02/2015 08:30
    ASSET
    PRICE SENSITIVE
    REL: 0830 HRS Millennium & Copthorne Hotels New Zealand Limited
    
    ASSET: MCK: Update: KIN Holdings Ltd acquisition
    
    Further to its announcement on 24 December 2014 advising that it had entered
    into a conditional agreement with the Tai Tak Group (Tai Tak) for the
    acquisition of the remaining 38.7% of the shares in KIN Holdings Limited (KIN
    Holdings) which it does not already own, Millennium & Copthorne Hotels New
    Zealand Limited (NZX:MCK) advises that it has now obtained approval from the
    Australian Foreign Investment Review Board (FIRB) for the acquisition.
    
    Completion of the acquisition is therefore expected to take place on the last
    business day of this month, Friday 27 February.
    
    ENDS
    
    Enquiries:
    Millennium & Copthorne Hotels New Zealand Limited
    (09) 353 5058
    
    BK Chiu / Takeshi Ito
    Managing Director / Group Company Secretary
    End CA:00260393 For:MCK    Type:ASSET      Time:2015-02-09 08:30:52
    				
 
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