IN an effort to remain compliant with the Media Industry Development Decree 2010, Hari Punja & Sons Limited divested its entire shareholding of 27.82 per cent in Communications Fiji Limited (CFM) to Parkinson Holdings Limited — making it one of two major cross transactions on the South Pacific Stock Exchange in January last year.
In the SPSE stock market report 2012, chief executive officer Jinita Prasad said the second special crossing transaction was noted in Fiji Television Limited (FTV) where government liquidated its 14 per cent shareholding to Hari Punja & Sons Limited.
"The highlight for the year was when Coca Cola Amatil (Fiji) Limited acquired 89.59 per cent shareholding in Foster's Group Pacific (Limited) from Foster's Australia Limited (FAL), resulting in the largest trade on the SPSE since its inception," Ms Prasad said.
"Trading slowed down in February and regained a slight momentum in March with Fijian Holdings Limited (FHL) being the most active stock in terms of number of trades," Ms Prasad said last week.
"Trading slowed in April as only four out of the 18 listed securities witnessed trades. Trading in May picked up again with Amalgamated Telecom Holdings Limited (ATH) and RB Patel Group Limited being the two active stocks in volume and value traded.
"The month of June saw another three special crossing transactions, all in FijiCare Insurance Limited (FIL) as Aequi-Libria Associates acquired substantial portions of the holdings of Family Assurance Limited (36.66 per cent) and AFA Limited (7.10 per cent)."
Ms Prasad said July and August remained active with the first batch of FHL's bi-annual dividend re-investment trades executed during this period.