New Zealand whiteware maker to be delisted after Haier takeover

WELLINGTON, Nov. 19 (Xinhua) -- One of New Zealand's oldest and most reputable whiteware makers will be delisted from the New Zealand stock exchange, the NZX, this week following its takeover by Chinese appliance giant Haier.

Fisher & Paykel Appliance Holdings Ltd. issued a notice to the NZX Monday to say Thursday would be the last day of trading in its shares.

Fisher & Paykel Appliances would be delisted and its shares would no longer be quoted on the NZX main board after the market's close on Nov. 27, said the notice.

Haier New Zealand Investment Co. Ltd. issued a compulsory acquisition notice to all outstanding Fisher & Paykel Appliances shareholders on Nov. 15 after announcing earlier this month that it had secured 90 percent of the shares.

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