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[sharechat] GPG and their investment in TTP

From:	"Michael Phillips" <michael.p@paradise.net.nz>
Date:	Mon, 26 Aug 2002 20:14:30 +1200

reference: http://www.stuff.co.nz/stuff/0,2106,2031289a13,00.html

In the Sunday Star Times article by Garry Sheeran on 25 August 2002
entitled "Kiwi raider playing true to form on forest deal", Tony Gibbs
is     quoted as saying its investment in Trans Tasman Properties was an
"absolute irritant - not one of our better deals".

As a holder in TTP, I am keen to have this statement expanded for me
somewhat.  I understand that in April GPG (through a subsidiary) were
keen to have TTP liquidated with funds returned to shareholders, whereas
majority holder SEA Holdings Limited were not...thus the liquidation
proceeded no further.

Are there further reasons for GPG being irritated with their investment
in TTP?  If so, I would be keen to have these explained to me.

Regards
Michael
===



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