News
Investors fail to plug into Colonial's property trustge
Tuesday 1st of June 1999
A lack of appreciation for the benefits of listed property trusts and the hugely popular Contact Energy offering are being blamed for the $200 million Colonial First State Property fund closing heavily under-subscribed.Colonial was seeking to raise $100 million from the public for its trust that owns 14 buildings throughout New Zealand. However, it only raised $53 million.
As underwriter...
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