July 31, 2018 / 9:40 PM / 2 months ago

New Zealand's Heartland Bank to seek ASX listing as part of restructuring

Aug 1 (Reuters) - New Zealand’s Heartland Bank Ltd said on Wednesday it intended to list on the Australian Stock Exchange as part of a planned restructuring.

The bank said the restructure would result in the formation of a new listed parent company called “Heartland Group Holdings Ltd,” and its existing shareholders could exchange their shares for shares in the new company on a 1-for-1 basis. (Reporting by Ambar Warrick in Bengaluru Editing by Chris Reese)

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