FIJIAN Holdings Unit Trust (FHUT) is now one of the major shareholders of Pleass Global Limited.
This comes after FHUT purchased shares from Pleass Global Limited.
Company’s managing director and chairman Warwick Pleass says they welcome Fijian Holdings Unit Trust and their stakeholders to their family and journey.
“This new partnership will be beneficial to both entities on the acquisition of these shares.”
Pleass Global is in the midst of an exciting phase of development with the launch of its new product VaiWai Natural Artesian Water and the construction of their new state-of-the-art bottling factory and head office at Kila World in Namosi.
“I have been very vocal in the past four months about the company’s internal valuations and of my perceptions that the market is undervaluing our shares.
“Now we see this strong local institutional investor picking up substantial numbers of Pleass Global shares, I believe very wisely.”
“But I remind existing shareholders of my advice and announcements at our last AGM.”
Mr Pleass said he had made no secret of his desire to see brokers and other interested stakeholders review Pleass Global for the benefit of current and potential shareholders.
He said he was pleased that two capital market companies had engaged with the company towards that end and hoped market reports on Pleass Global would be available to their clients in the coming months.
