Commercial

CDL seeks full control of property firm

Listed hotel operator CDL Hotels has moved to tidy up its convoluted company structure through a $21.3 million full takeover offer for its property development subsidiary, Kingsgate International.

Thursday, April 29th 2004

Auckland-based CDL is joining Kingsgate's other significant shareholder, private Singapore investment firm Tai Tak Securities, in a takeover bid.

If the bid is successful, Kingsgate would be delisted from the NZX.

Under the proposal, KIN Holdings, a company owned jointly by CDL and Tai Tak, is offering 32c a share for the 67.7 million shares in Kingsgate - 17.2 per cent of the company - which the two companies do not already own.

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Property investors refocus on cash flow

SBS FirstHome Combo	3.99
Unity First Home Buyer special	3.99
TSB Special	4.39
ICBC	4.39
Co-operative Bank - First Home Special	4.39
Unity Special	4.49
BNZ - Std	4.49
Co-operative Bank - Owner Occ	4.49
SBS Bank Special	4.49
Kiwibank Special	4.49
ANZ Special	4.59

ICBC	4.59
TSB Special	4.69
Wairarapa Building Society	4.79
Nelson Building Society	4.87
BNZ - Std	4.89
SBS Bank Special	4.89
Co-operative Bank - Owner Occ	4.89
Unity Special	4.89
Kiwibank Special	4.89
First Credit Union Special	4.95
AIA - Go Home Loans	4.95

ICBC	5.19
TSB Special	5.29
Westpac Special	5.59
ASB Bank	5.69
BNZ - Std	5.69
SBS Bank Special	5.69
Co-operative Bank - Owner Occ	5.69
Kainga Ora	5.69
AIA - Go Home Loans	5.69
Kiwibank Special	5.79
China Construction Bank	5.99

SBS FirstHome Combo	3.29
AIA - Back My Build	3.34
SBS Construction lending for FHB	3.74
CFML 321 Loans	3.95
Co-operative Bank - Owner Occ	4.99
Co-operative Bank - Standard	4.99
Heartland Bank - Online	5.30
ICBC	5.39
Kiwibank - Offset	5.65
Kiwibank	5.75
Unity Standard	5.79

Commercial

CDL seeks full control of property firm

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