Chorus shares begin trading

News Broadband New Zealand 22 NOV 2011
Chorus shares begin trading
New Zealand fixed-line telecommunications network operator Chorus has begun trading on the NZSX main board. Listing under the ticker symbol CNU, Chorus shares began trading on the NZSX on a deferred settlement basis on 23 November, with trading to commence on a normal settlement basis on 25 November. Furthermore, Chorus shares also began trading on Australia's stock exchange, ASX, on a deferred settlement basis on 21 November, with trading to commence on a normal settlement basis on the ASX on 1 December. Chorus' listing marks one of the final steps towards the structural separation of the local access network business from Telecom New Zealand. Court approval for the split was given earlier this month after most of Telecom's shareholders were in favour of demerger. Chorus will become a wholly independent business on 30 November.

Categories:

Fixed

Companies:

Spark New Zealand,  Chorus

Countries:

Australia,  New Zealand

Tags:

Corporate

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