• Tue
  • Sep 23, 2014
  • Updated: 10:22am

UDL spin-off

PUBLISHED : Monday, 24 March, 1997, 12:00am
UPDATED : Monday, 24 March, 1997, 12:00am

Construction company UDL Holdings will spin off its wholly owned subsidiary UDL Kenworth Engineering (KEL) by issuing 100 million new KEL shares.

The proceeds will be about $100 million and UDL will hold 75 per cent in KEL after the separate listing.


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