Port Denarau Marina Limited is set for a significant change in ownership, with Fijian Holdings Limited (FHL) moving to acquire a controlling interest in the company.
An Extra-Ordinary General Meeting (EGM) has been called for Friday, 5 December 2025, at 12.30 pm to seek shareholder approval for the transaction, which will see FHL’s stake in the marina jump from 27.5% to 51%.
The key item on the agenda is a special resolution to approve the acquisition of shares from the current majority holder, Skeggs Group Limited. The deal is structured in two parts.
The first is Fijian Holdings Limited to increase its shareholding from 27.5% to 51%, giving it majority control.
The second resolution is FHL Trustees Limited, an entity associated with FHL, will simultaneously increase its stake from 0.11% to 19.63%.
Combined, the FHL Group will hold a dominant 70.63% interest in Port Denarau Marina if the resolution is passed.
The transaction is being pursued under section 252(2)(n) of Fiji’s Companies Act 2015.
