Forum Archive Index - February 2000

["Osbert Sun" <osbert.sun@xtra.co.nz>]

Thanks, Ben! I'm glad we've been proved correct on this one! I'm so pleased
that you've also stayed on top of the SVY wave.

Kind regards,
Osbert Sun

(Also a SVY shareholder)

----- Original Message -----
From: "Ben Dutton" <bendutton@sharechat.co.nz>
To: <sharechat@sharechat.co.nz>
Sent: Friday, February 11, 2000 3:28 PM
Subject: [sharechat] SVY


> 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).
>
>
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