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| FROM | TO | |
| HELLABY HOLDINGS LIMITED | 26/11/1993 | |
| RENOUF CORPORATION LIMITED | 20/01/1984 | 26/11/1993 |
| RENOUF CORPORATE FINANCE LIMITED | 20/01/1984 |
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Date first listed: 31/03/1994
Brian Gaynor writing in the NZ Herald comments: "In the early 1990s Renouf Corporation was restructured by Tur Borren and Hugh Green and the company changed its name to Hellaby Holdings. As part of this restructuring, Green acquired a 34 per cent Hellaby stake for just $5m. Renouf Corporation had acquired 100 per cent of Kirkcaldie & Stains from UK-based British Overseas Stores in 1985 and the department store owner was one of the assets transferred to Hellaby. Hellaby sold a 40 per cent stake in Kirkcaldie & Stains in 1995 and had reduced its holding to 26 per cent by mid-1997. Hellaby had no remaining shareholding when Kirkcaldie & Stains listed on the NZX in 2001. The department store had a compliant listing without raising any new money from the public." | 01/10/2016 |
Brian Gaynor writing in the NZ Herald comments: "In 1986 and 1987, Renouf Corporation, Kupe Group, Bruce Judge's Ariadne Australia and Rod Petricevic's Euro-National were involved in a number of complex transactions and share cross-holdings. The post-1987 sharemarket crash period was characterised by infighting, litigation, controversy and huge losses by the four companies. By the end of 1991, Ariadne was the ultimate parent, owning 36.5 per cent of Renouf and 27.7 per cent of Euro-National. Euro-National in turn owned 47.5 per cent of Kupe Group. Renouf reported a New Zealand record loss of $401m for the June 1988 year because of problems associated with the above cross shareholdings and investments in a number of Bruce Judge-related companies, Renouf Properties and a product associated with Sir Ron Brierley's IEL." | 01/10/2016 |
name changed to Hellaby Holdings Limited | 26/11/1993 |
name changed from Renouf Corporate Finance | 20/01/1984 |
Brian Gaynor writing in the NZ Herald comments: "In the early 1990s Renouf Corporation was restructured by Tur Borren and Hugh Green and the company changed its name to Hellaby Holdings. As part of this restructuring, Green acquired a 34 per cent Hellaby stake for just $5m. Renouf Corporation had acquired 100 per cent of Kirkcaldie & Stains from UK-based British Overseas Stores in 1985 and the department store owner was one of the assets transferred to Hellaby. Hellaby sold a 40 per cent stake in Kirkcaldie & Stains in 1995 and had reduced its holding to 26 per cent by mid-1997. Hellaby had no remaining shareholding when Kirkcaldie & Stains listed on the NZX in 2001. The department store had a compliant listing without raising any new money from the public." | 01/10/2016 |
Brian Gaynor writing in the NZ Herald comments: "In 1986 and 1987, Renouf Corporation, Kupe Group, Bruce Judge's Ariadne Australia and Rod Petricevic's Euro-National were involved in a number of complex transactions and share cross-holdings. The post-1987 sharemarket crash period was characterised by infighting, litigation, controversy and huge losses by the four companies. By the end of 1991, Ariadne was the ultimate parent, owning 36.5 per cent of Renouf and 27.7 per cent of Euro-National. Euro-National in turn owned 47.5 per cent of Kupe Group. Renouf reported a New Zealand record loss of $401m for the June 1988 year because of problems associated with the above cross shareholdings and investments in a number of Bruce Judge-related companies, Renouf Properties and a product associated with Sir Ron Brierley's IEL." | 01/10/2016 |
name changed to Hellaby Holdings Limited | 26/11/1993 |
name changed from Renouf Corporate Finance | 20/01/1984 |
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