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    KPG — Kiwi Property News Story

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    NZ's Kiwi Property tumbles after nixing dividend due to coronavirus

    Picture of Kiwi Property logoKiwi Property
    06/04/2020 02:00
    ** Shares of Kiwi Property  KPG.NZ  slide 7.2% to NZ$0.84
after the real estate investor scraps final dividend for the
year due to the coronavirus pandemic 
    ** Says board, CEO and executive team to take 20% pay cut,
co puts "non-essential" capex plans on hold  urn:newsml:reuters.com:*:nNZW3DgVLX
    ** Warns the outbreak will have material impact on its
performance
    ** Stock shed nearly half its value YTD

 (Reporting by Shashwat Awasthi in Bengaluru)
 ((Shashwat.Awasthi@thomsonreuters.com))

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