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Greenheart Group to buy out Northland Forest Managers

( January 11, 2016, 05:53 GMT | Insight) -- Hong Kong-listed Greenheart Group has signed a conditional agreement to buy New Zealand's Northland Forest Managers for NZ$1.5 million ($981,000), the New Zealand Herald reports. Greenheart, which owns Northland's Mangakahia Forest estate, aims to grow its...Hong Kong-listed Greenheart Group has signed a conditional agreement to buy New Zealand’s Northland Forest Managers for NZ$1.5 million ($981,000), the New Zealand Herald reports. Greenheart, which owns Northland’s Mangakahia Forest estate, aims to grow its New Zealand interests with an offer to buy out all of Northland Forest Manager’s shares. It expects to complete the deal by Feb. 1 or five days after the conditions are fulfilled. Greenheart informed the Hong Kong exchange of the potential deal, to which it attributed a recent 24 percent rise in its share price.  ...

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