Government won't change law for listed companies approaching overseas ownership threshold
Despite NZX, lawyers and listed companies keen for introduction of a minimum holding size.
The government will not look at adapting the “overseas person” threshold for listed companies because it would require legislative change.
Some listed companies want foreign shareholders to only be counted toward the foreign ownership threshold if they hold 5% or more of the company, rather than
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Calida Smylie
Thu, 27 Jul 2017
Thu, 27 Jul 2017
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Government won't change law for listed companies approaching overseas ownership threshold
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