FIJI NEWS
February 02, 2013 03:57:48 PM
  Follow @ Twitter

Pacific Green Industries (Fiji) Limited has received an offer for its shareholding in its subsidiary Dongguan Golden Palmwood Furniture Pty Limited (DGP) in China.

According to South Pacific Stock Exchange, PGI’s current shareholding in DGP is 70 percent whereas, the remaining 30 percent of the shareholding in DGP is owned by one of the directors of PGI, Qi Hui.

In December 2012, PGI’s chairman Peter Ryan held discussions with Hui as he (Hui) formed an association in China to purchase the 70 percent shareholding held by PGI.

The offer will be considered by the shareholders of PGI during an extraordinary general meeting that is expected to be convened on February 28, 2013 at Pacific Green Complex, Malaqereqere in Sigatoka.

SPSE stated that the terms of offer are currently being finalised and will be released to all shareholders as soon as they are done.

If approved by the shareholders, the sale will be subject to the usual regulatory approvals.

Further announcements will be made if and when appropriate after the extraordinary general meeting.

By Indrani Krishna  
 

Xmas - Tones


PREVIOUS STORY
236 home loans written off
NEXT STORY
Expect heavy rain, warns Weatherman

Post a Comment
Bookmark and Share

 


Posted Comments
No comments, but you can post the first comment!
   





Are you happy with the circumstances in which the 2015 Budget was passed?
 Yes
 No


Poll Results: Current | Previous

Are you happy with the circumstances in which the 2015 Budget was passed?
Yes
 44%
No
 56%



More Polls
Press Esc to close this window
BUSINESS
Tourist arrivals to surpass 700k markFiji's tourism industry is looking at earning over $1billion with tourist arrivals expected to surpass the 700,000 mark.
SPORTS
Suva will play City, Fiji FA confirmsFiji Football Association today confirmed that Suva will participate in Group B of the OFC Champions League against champs and FIFA Club World Cup semi-finalist Auckland City.
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 Fiji, Tonga telco in allianceVodafone Fiji and Tonga Communications Corporation today signed a strategic partnership alliance that will allow the Tongan company to leverage off the experience of their Fijian counterparts.
ENTERTAINMENT
Ne-yo’s new album Non Fiction out Jan 30Grammy Award winner Ne-yo is set to return with Non Fiction, his first album in two years, to be released Jan 30.
HEALTH/FITNESS
Clean-up day to curb dengue outbreakFiji's Ministry of Health has declared a clean-up day next Thursday for residents in the central division as it ups the tempo against a dengue fever outbreak currently experienced in the country.
NEWS SPORTS INFOTAINMENT SERVICES MOBILE EXTRA HOT TOPICS