Shareholders in Coats Group, formerly GPG, have another important decision to make.
The company wants to de-list from the ASX and NZX in June next year.
Delisting from the NZX would herald a final chapter in the life of GPG and Sir Ron Brierley’s legacy in the New Zealand capital markets.
Coats Group turned to a first-half loss after a writedown on the sale of its unprofitable EMEA crafts business.
The threadmaker first announced the sale of its Europe, Middle East and Asia crafts unit for $US10 million on February 19.
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