sex hikayeleri interior desing sikiĢ hikaye escort denizli porno hikaye
BUSINESS NEWS
September 07, 2012 12:00:00 AM
  Follow @ Twitter

Coca Cola Amatil (Fiji) Limited today purchased the 89.59 per cent shareholdings held by Foster’s Australia Limited in Fosters Group Pacific Limited (FGP).

The acquisition brings about a change in the substantial shareholder of FGP as well as the change of control of the company.

The transaction occurred by the way of special crossing of 9, 325, 000 shares at $11.65 per shares today so that the most recent trade price of FGP shares remained unchanged.

FAL now ceases to be a shareholder of FGP as the 9, 325, 000 shares traded reflects the total shareholding that was held by the company.

As part of the overall regulatory approval process, CCA Fiji Limited is now restricted by the Reserve Bank of Fiji (RBF) from acquiring any further shares in FGP without prior approval.

As a result, CCA has advised FGP that it does not currently intend to make any offer to the minority shareholders.

FGP is also restricted from delisting without approval from RBF.

SPSE has waived compliance which imposes a minimum shareholder spread requirement whereby a minimum of 20 percent  of the total issued shared must be owned by at least 50 members of the public.

FAL has been removed as the largest shareholders of FGP and has been replaced by CCA Fiji.

There are 20 shareholders of the securities of FGP.

The principal activities of FGP remains but senior management will be replaced by senior executive appointed by CCA Fiji.

By Ropate Valemei

Wiggle


PREVIOUS STORY
RBF lauds strong insurance industry form
NEXT STORY
Fosters Group appoints new directors

Bookmark and Share
   




FIJI NEWS
No agreement as ILO meet loomsThe future of Fijiís labour relations remain hanging with the tripartite parties still to come into an agreement on the way forward with only four days to go before the Fijian Government is summoned before the International Labour Organisation Governing Body.
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 renovates airport shopVodafone Fiji has signed an agreement with Airports Fiji Limited which will allow for renovation of its airport shop at the arrival concourse in Nadi International Airport
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
New winner for Marist 7sA new winner will be crowned in the 39th Fiji Bitter Marist 7s this evening as reigning champions Wardens Gold were humiliated 29-0 in the first semi-final this afternoon at the ANZ Stadium in Suva.
ENTERTAINMENT
Best Coastís new album titled California NightsBest Coast singer/songwriter/guitarist Bethany Cosentino and guitarist Bobb Bruno will release their third full-length album California Nights on May 1.
NEWS SPORTS INFOTAINMENT SERVICES MOBILE EXTRA HOT TOPICS