Trans Tasman Properties

Published 20 April 2007 Trans Tasman Properties Ltd will be delisted from the close of business on Friday 27 April, following SEA Holdings NZ Ltd’s compulsory acquisition notice on 16 April. Trading in Trans Tasman shares will cease on Monday 23 April. SEA made a 60c/share offer for outstanding stock on 4 April. By Monday […]

Published 30 March 2007 Trans Tasman Properties Ltd’s independent directors have appointed Ferrier Hodgson to prepare an independent advisor’s report on SEA Holdings NZ Ltd’s new takeover offer. The directors expect the report will be sent to shareholders within the next 2 weeks. SEA launched its new bid a week ago after increasing its stake […]

Published 23 March 2007 SEA Holdings NZ Ltd has increased its stake in Trans Tasman Properties Ltd to 90.61% and yesterday launched another takeover bid for the whole company. SEA, controlled by Jesse Lu, managing director of the listed SEA Holdings Ltd of Hong Kong, has been foiled in past bids but made it past […]

Published 26 February 2007 NZ-listed Trans Tasman Properties Ltd, 80% owned by SEA Holdings Ltd of Hong Kong, has gone from a $4.3 million profit in 2005 to a $3.4 million after-tax loss for 2006. The company said its development profits realised on the sale of the Viaduct 1 & 2 properties in Auckland and […]

Published 14 October 2006 SEA Holdings Ltd of Hong Kong made it to 80.55% of Trans Tasman Properties Ltd by the close of its takeover bid this week – a 1% increase from 6 October. SEA controlled 52.69% of Trans Tasman when it announced the bid in June at 51c/share. Trans Tasman’s independent directors unanimously […]

Published 9 October 2006 Trans Tasman Properties Ltd’s major shareholder, SEA Holdings Ltd of Hong Kong, has decided not to chase the balance of shares that would enable compulsory acquisition and will close its bid this Tuesday, 10 October. SEA launched its bid on 6 July but by Friday was still just over 10% short […]