Page 24 - IB FEB 2019

Business Intelligence - FIJI

High demand for FHL shares by shareholders was for a 1:10
The second change approved
share split, an event that took
One of South Pacific Stock Exchange’s top performers place at the end of December.
“At that point, FHL shares
were trading at $8.50 a share
Reports by Dionisia Tabureguci (uS$4.03), so with the share
split, share price got divided
FIJIAN Holdings Ltd has been singled out as ‘exemplary’ fol- by 10 times and issued shares
lowing a share split early this year that lowered its share price was multiplied by 10. The
to F85 cents a share. shares then became more af-
It immediately led to a rush of trading activities on the fordable. So, where you used
Suva-based South Pacific Stock exchange (SPSe) where the to buy a share at $8.50, you
company is listed. can now buy it at 85 cents (40
“It’s a very good example of how a corporate action had cents),” Narayan said.
helped the company,” said SPSe CeO krishika Narayan in an That was FHL’s share price when FHL began trading again
interview with Islands Business. on 9 January, following a week-long voluntary suspension that
Fijian Holdings has a diverse range of investments in Fiji in allow for the completion of the share splitting process.
the tourism, manufacturing, retail, entertainment and media Since then, FHL has become SPSe’s most liquid stock so far
industries. this year, with a huge volume moving almost each trading day
“Just in January this year, we had 101 new investors in the and demand driving the share price upwards.
share market and out of that, 96 alone were for FHL shares.” In January alone, over 1.22 million FHL shares valued at
Two major changes were approved by shareholders during F$984,147 (uS$466,888) were traded and their price quickly
the company’s annual general meeting last November. One was rose to F$1 (uS47 cents) by the month-end, from the 85 cents
the listing of the reserve B-Class shares, a total of 20 million that it started with on January 9th.
held in trust by the I-Taukei Affairs Board (10 million) and the This activity came against a backdrop of an overall trading
I-Taukei Trust Fund Board (10 million) for Fiji’s 14 provinces. of 1.27million shares with a total value of over $1.2 million
This listing took place in mid-December, and together with
the 10,464,650 listed A-Class shares, took the total listed FHL
shares to 30,464,650. Continued on page 27

TRADE MARK CAUTIONARY NOTICE IN MICRONESIA TRADE MARK CAUTIONARY NOTICE IN MICRONESIA
Notice is hereby given that Sumitomo Ruber Industries, JT International SA, of Rue Kazem-Radjavi 8, 1202 Geneva,
TRADE MARK CAUTIONARY NOTICE
IN
Ltd., manufacturers and merchants of 6-9, Wakinohama- Switzerland, does hereby provide notice that it claims
MICRONESIA
cho 3-chome, Chuo-ku Kobe-shi, Hyogo 651-0072, Japan (a proprietorship of the trade marks
corporation organised and existing under the laws of Japan), is JT International SA, of Rue Kazem-Radjavi 8, 1202 Geneva, Switzerland, does hereby
provide notice that it claims proprietorship of the trade marks
the sole proprietor in Micronesia and elsewhere of the following
trade mark:
LD; ; and LIGGETT DUCAT
in relation to:
in relation to:
Tobacco, whether manufactured or unmanufactured; smoking tobacco, pipe
tobacco, hand rolling tobacco, chewing tobacco, snus tobacco; cigarettes,
Tobacco, whether manufactured or unmanufactured; smoking
electronic cigarettes, cigars, cigarillos; snuff; smokers' articles included in Class
Used in respect of:- tobacco, pipe tobacco, hand rolling tobacco, chewing tobacco,
34; cigarette papers, cigarette tubes and matches.
snus tobacco; cigarettes, electronic cigarettes, cigars,
JT International SA cautions that any use of the trade mark or any confusingly similar
trade mark in relation to any of these goods or similar goods, would be seen as
cigarillos; snuff; smokers’ articles included in Class 34;
Class 12 infringement of their rights and that they will take such action deemed necessary to
protect those rights.
cigarette papers, cigarette tubes and matches.
Tires for vehicles; tires for automobiles; tires for trucks; tires for JT International SA can be contacted care of their address for service:
JT International SA cautions that any use of the trade mark or
buses; tires for two-wheeled motor vehicles. AJ Park, Level 22, Aon Centre, 1 Willis Street, Wellington 6011, New Zealand
any confusingly similar trade mark in relation to any of these
The said proprietor claims all rights in respect of the above trade goods or similar goods, would be seen as infringement of their
mark and will take all necessary legal steps against any person rights and that they will take such action deemed necessary to
or company infringing their said rights. protect those rights.
DAVIES COLLISON CAVE PTY LTD JT International SA can be contacted care of their address for
Intellectual Property service:
1 Nicholson Street
Melbourne, Victoria, 3000 AJ Park, Level 22, Aon Centre, 1 Willis Street, Wellington
AUSTRALIA 6011, New Zealand

24 Islands Business, February 2019

11639128_1.docx