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Re: [sharechat] chh

From:	"greg" <gregoire@paradise.net.nz>
Date:	Sun, 1 Jul 2001 13:28:27 +1200

CITIC have offered the receivers US$637m for the CNIFP forest according to today's article in the Sunday Times:

http://www.stuff.co.nz/inl/index/0,1008,848902a13,FF.html

Mike, FFS have no say in who gets the forest as it is in the hands of the receivers. If the Commerce Commision clear CAH to buy the forest subject to divesting a portion, then CAH can buy it and then on sell the portion at a later date (perhaps to FFS).

McFadgen has already said that FFS can more than meet its existing demand with its own forest estates.

Disc: Hold FFS/PA

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Re: [sharechat] chh mrgoodall

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