- Shareholders in Kina Securities (KSL) have overwhelmingly voted in favour of the company’s $420 million takeover of Westpac’s (WBC) Pacific businesses
- Kina experienced some technical difficulties at today’s extraordinary general meeting (EGM) when its share registrar had a global outage
- While shareholders couldn’t see or hear what was happening at the webinar, they still voted 99.94 per cent in favour of the Westpac acquisitions
- Similar majorities approved Kina’s plan to raise funds to support the buy
- Kina and Westpac also announced the sale in December 2020, with Kina to take control of Westpac’s Papua New Guinea and Fiji assets
- Shares in Kina Securities closed a slight 1.96 per cent lower today at $1 per share
Kina Securities: Shareholders approve Westpac purchase
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