NZ Automotive seeks trading halt as founder sells down
Sell-down said to align with desire to increase share liquidity.
Shares in the NZX-listed owner of second-hand car dealer 2 Cheap Cars have gone into a trading halt as one of the founders sells down up to $5 million of their shareholding.
NZ Automotive Investments, which operates 2 Cheap Cars and vehicle finance company NZ Motor Finance, joined the main board
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