Forum Archive Index - February 2000

["Ben Dutton" <bendutton@sharechat.co.nz>]

Osbert,

Here's an extract from an announcement that just appeared on the NZSE:

"Savoy Technologies, a wholly owned subsidiary of Savoy Equities, had
acquired a majority stakeholding in the Internet and communication
technology business, Safety Net (NZ) Limited.      This transaction does not
represent a major transaction for Savoy Equities and does to require
shareholder approval.  The alliance with Safety net, as for-shadowed in
announcements last year and in the 1999 Annual Report, marks the first
investment into information technology by Savoy Equities in NZ.  Savoy
Technologies was established in 1998 to explore investment opportunities in
the technology sector, particularly in e-commerce and telecommunications."

Looks like the rumours of an entry into e-commerce proved correct!

Best Regards,

Benjamin Dutton

(I hold shares in SVY).


----------------------------------------------------------------------------
http://www.sharechat.co.nz/          New Zealand's home for market investors
To remove yourself from this list, please us the form at
http://www.sharechat.co.nz/forum.html.