Southern Capital delists next week

Southern Capital Ltd, formerly Hirequip, will be delisted from the Stock Exchange on April 12 after a director-led takeover.

Lynwalsh Holdings , which is completing a compulsory takeover, was registered by Southern Capital directors Stuart McKinlay and Trevor Scott.

Trading in the company's securities will cease trading tomorrow.

Southern Capital was formerly called Hirequip before the hire equipment side of the business was sold last year.

The company is busy divesting the remaining assets, having sold its stake in Tasman Farm and receiving final settlement for Pegasus Bay township.

- NZPA