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  1. #7561
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    Mar 2013
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    Will Adamantem raise their offer ?

  2. #7562
    Guru
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    Apr 2007
    Location
    Hamilton New Zealand.
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    You've got to know when to hold 'em, know when to fold 'em
    Know when to walk away, know when to run.
    You never count your money when you're sittin' at the table.
    There'll be time enough for countin' when the dealin's done.

    Written by Don Schlitz, recorded by various Artists including Kenny Rogers

  3. #7563
    Senior Member
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    Sep 2016
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    Does this basically mean that unless the Norman's agree to a takeover, The Warehouse is unlikely to ever delist?

  4. #7564
    Advanced Member
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    Jul 2000
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    Masterton, , NZ.
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    Quote Originally Posted by JeremyALD View Post
    Does this basically mean that unless the Norman's agree to a takeover, The Warehouse is unlikely to ever delist?
    There are often other suitors.

  5. #7565
    Legend Balance's Avatar
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    Feb 2003
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    Quote Originally Posted by JeremyALD View Post
    Does this basically mean that unless the Norman's agree to a takeover, The Warehouse is unlikely to ever delist?
    Stephen could sell his stake and cede control to an acquirer who could then proceed to make the same offer to minorities, who can accept or not. Just makes it much harder to implement wholesale change in strategy and management as a public listed entity.

    Unlikely Stephen would sell though as WHS is his baby.
    Last edited by Balance; Yesterday at 08:52 PM.

  6. #7566
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    Aug 2010
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    458

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    Quote Originally Posted by kiwical View Post
    Are you referring to GST? That is collected by these larger online retailers and passed on to the Govt. Has been that way for a few years now. Things like corporate tax is another story. But these places are often/usually registered in tax haven locations. Your specific example of Temu is owned by PDD Holdings, registered in Cayman Islands.
    Thanks for the information.I could misunderstand the GST and parcel delivery issues.

    Would the Warehouse be able to sell its land to retirement villages?

  7. #7567
    Advanced Member
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    Feb 2011
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    Wellington
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    Quote Originally Posted by Newman View Post
    Thanks for the information.I could misunderstand the GST and parcel delivery issues.

    Would the Warehouse be able to sell its land to retirement villages?
    I think they already sold it all or a lot and lease it back these days .

  8. #7568
    Guru
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    Sep 2009
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    "Sir Stephen and the Tindall Foundation owned 48 percent of the Warehouse Group, while the James Pascoe Group (owner of Pascoes), owned nearly 20 percent.

    "The current scheme of arrangement doesn't have the critical shareholder backing it needs to proceed,"

    https://www.rnz.co.nz/news/business/...-falls-through

    Who decides?

    https://register.charities.govt.nz/C...f-52237d037e3b

    Officers
    Officer Name Position Effective Date
    Rukumoana Tira Marie Schaafhausen
    Trustee
    18/09/2018
    Robert John Tindall
    Trustee
    7/06/2011
    Jennifer Mary Casey
    Trustee
    8/09/2006
    Margaret Maria Tindall
    Trustee
    14/09/1994
    Stephen Robert Tindall
    Trustee
    14/09/1994

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