Christchurch City Holdings Ltd, the commercial arm of Christchurch City Council, has upped its stake in Lyttelton Port Company Ltd by 1 percentage point to 79.123, according to a substantial shareholder notice.
Christchurch City Holdings Ltd, the commercial arm of Christchurch City Council, has upped its stake in Lyttelton Port Company Ltd by 1 percentage point to 79.123, according to a substantial shareholder notice.
A notice has to be filed for every 1 percentage point increase and a purchase of a small number of shares last week, together with earlier purchases since November 26, 2008, amounted to such an increase.
The council company has spent $2.4 million on buying the shares on market between November 26, 2008, and May 16 this year.
