sex hikayeleri interior desing escort fethiye escort denizli porno hikaye kredi kartı borç sorgulama sitesi yayında ziraatbank borç sorgulama
BUSINESS NEWS
July 26, 2012 12:00:00 AM
  Follow @ Twitter

The Fijian Holdings Limited (FHL) yesterday announced that their joint ventures partners in Building and Construction are planning to divest their holdings.

FHL has confirmed the waiver of its pre-emptive rights to acquire the shareholding of their joint venture partners in Basic Industries Ltd (BIL) and Fiji Industries Ltd (FIL).

Accordingly, 49 per cent of BIL and 47.3 per cent of FIL will be available for sale.

Auckland based corporate advisory firm, Campbell Macpherson Ltd will handle the sale process.

FHL chairman Iowane Naiveli said they are been in discussion with their partners for the last 24 months and FHL has made a decision to waive its pre-emptive rights in both BIL and FIL mainly on their exposure to the sector.

FHL acting group chief executive Nouzab Fareed said they are pleased with the performance of their current portfolio and with current exposure to building and construction sector.

FHL owns 50.2 per cent of FIL while South Pacific Cement Ltd owns 47.3 per cent of the company.

For BIL, FHL owns 51 per cent while the balance is owned by Holcim NZ.

BIL engages in the business of ready mix concrete, quarrying, crushing, concrete blocks and many others while FIL is the sole manufacturer of cement in Fiji.

By Ropate Valemei

 

Wiggle


PREVIOUS STORY
FHL acquires South Sea Cruises
NEXT STORY
Support for SMEs important: Ali

Bookmark and Share
   




FIJI NEWS
$120m guarantee loan to FSC approvedThe Fijian Parliament has approved a motion for the extension of Government’s guarantee of a $120m loan through ANZ Bank to the Fiji Sugar Corporation.
WORLD
'Green'-tinted SUVs at Seoul Motor ShowGas-guzzling SUVs, eco-friendly electric cars and the odd brave attempt to marry the selling points of both are taking centre stage at the biennial Seoul Motor Show.
TECHNOLOGY
Vodafone acquires Datec FijiVodafone Fiji has announced 100% acquisition of leading IT company, Datec Fiji Limited
HEALTH/FITNESS
$5000 boost to assist diabetes awareness programVodafone Fiji ATH Foundation has stepped in with financial boost to assist the Lions Club in their Diabetes Awareness program.
SPORTS
Blues hold Ba in 6-goal thrillerLautoka held Ba to a 3-3 draw in a thrilling Rewa Galaxy Premier League match at Govind Park tonight.
ENTERTAINMENT
Taylor Swift picks up 8 Billboard music awardsTaylor Swift has picked up eight gongs at the 2015 Billboard Music Awards in Las Vegas, including top artist, top female artist and top album for 1989.
NEWS SPORTS INFOTAINMENT SERVICES MOBILE EXTRA HOT TOPICS