NZ's Channel Infrastructure hits over 5-year high after asset revaluation gain forecast

Channel Infrastructure NZ

07/02/2025 03:30

** Shares of Channel Infrastructure  CHI.NZ  rise as much as
2.1% to NZ$1.99, their highest level since November 18, 2019,
last up 1%
    ** The infrastructure co is expected to recognise a total
revaluation gain of approximately NZ$375 million in its FY24
results
    ** Would increase Co Net Tangible Assets per share by about
NZ$0.73
    ** Stock rose 31.3% in 2024

 (Reporting by Nichiket Sunil in Bengaluru)
 ((Nichiket.Sunil@thomsonreuters.com;))