By Chris Hutching
Friday 19th July 2002 |
Text too small? |
Mr Hagaman has been placing some of his assets, including his 42% shareholding in Dunedin Casinos, into a family trust called the Casino Trust.
Consent was required from the Overseas Investment Commission because he has chosen one of his daughters to be a trustee.
She is a US resident and one of three Hagaman offspring living there, so she will represent their interests over 27% of the voting securities of Dunedin Casino's and a share in voting power to appoint directors of Dunedin Casinos. The casino leases space in Dunedin's Southern Cross Hotel, the flagship for the Scenic Circle Hotels chain.
Mr Hagaman co-founded the Scenic Circle chain in the mid-1980s.
Profile - see The Rich List
No comments yet
EXPRESSION OF INTEREST IN THE SUPPLY OF MEREENIE GAS
IPL - FY24 Annual Results
CEN - Contact to revisit Wairākei development options
May 17th Morning Report
PaySauce to announce full year results on 22 May 2024
BGP - Results of Briscoe Group Limited Annual Shareholder Meeting
Judith Swales to leave Fonterra
Fonterra announces step-change in strategic direction
USX Trading Results 15th May
Devon Funds Morning Note - 15 May 2024