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Queenstown real estate drives $28m gain for PGC fund

Latest valuation yet to be disclosed to NZX.

Tim Hunter
Fri, 01 Jul 2016

Pyne Gould Corp’s [NZX: PGC] Cayman subsidiary, Torchlight, has notified its private investors of a $A26.6 million ($27.9 million) value gain, although no disclosure has so far been made to the NZX.

Shares in PGC resumed trading on the NZX on June 13 after an eight-month suspension for failing to

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Tim Hunter
Fri, 01 Jul 2016
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Queenstown real estate drives $28m gain for PGC fund
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