Misc

Kiwi Income snares 19.9% of Capital Properties

Kiwi Income Property Trust today completed a lightning raid to snare 19.9% of Capital Properties at $1.15 a share.

Wednesday, November 24th 2004

The $55 million raid was via a stand in the market through broker Goldman Sachs JBWere and was on a first-come-first-serve basis.

Capital Properties shares settled 8c up at $1.10 after the raid.

Shares in Kiwi Income fell 1c to $1.09.

Kiwi Income Properties had today instructed its share broker Goldman Sachs JBWere to stand in the market to buy 19.9% of Capital Properties at $1.15 a share.

The overnight offer and stand in the market was conditional on Kiwi Income Properties (KIP) winning at least a 10% stake.

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Heartland Bank - Online 6.69
SBS FirstHome Combo 6.74
Wairarapa Building Society 6.95
Unity 6.99
Co-operative Bank - First Home Special 7.04
ICBC 7.05
China Construction Bank 7.09
BNZ - Classic 7.24
ASB Bank 7.24
ANZ Special 7.24
TSB Special 7.24
Unity First Home Buyer special 6.45
Heartland Bank - Online 6.45
China Construction Bank 6.75
TSB Special 6.75
ICBC 6.75
ANZ Special 6.79
ASB Bank 6.79
AIA - Go Home Loans 6.79
Kiwibank Special 6.79
BNZ - Classic 6.79
Unity 6.79
Westpac Special 6.39
China Construction Bank 6.40
ICBC 6.49
SBS Bank Special 6.55
Kiwibank Special 6.55
BNZ - Classic 6.55
Co-operative Bank - Owner Occ 6.55
ASB Bank 6.55
AIA - Go Home Loans 6.55
TSB Special 6.59
Kainga Ora 6.99
SBS FirstHome Combo 6.19
AIA - Back My Build 6.19
ANZ Blueprint to Build 7.39
Credit Union Auckland 7.70
ICBC 7.85
Heartland Bank - Online 7.99
Pepper Money Essential 8.29
Co-operative Bank - Owner Occ 8.40
Co-operative Bank - Standard 8.40
First Credit Union Standard 8.50
Kiwibank 8.50

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