Hari Punja and Sons Ltd acquires Govts shares in Fiji TV
Hari Punja and Sons Ltd acquires Govts shares in Fiji TV
By
fijivillage.com
Wednesday 18/01/2012
Fiji Television Limited Group company secretary Tanya Waqanika confirmed that Hari Punja and Sons Limited acquired Government of Fiji’s 14% shares held with Fiji TV.
The South Pacific Stock Exchange approved the special crossing of 1,442,000 Fiji TV shares from government of Fiji to Hari Punja & Sons LTD at $2.40 per share.
The transaction will not affect the current market price of Fiji TV shares, which currently stands at $2.50 per share.
The sale of Fiji TV shares is to allow the government of Fiji to diversify their portfolio and liquidate their assets.
Hari Punja and Sons LTD will now have 26.16% shareholding in Fiji TV.
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