NZ's Tourism Holdings tumbles on Brisbane factory closure

Tourism Holdings

08/12/2025 03:51

** Shares of Tourism Holdings THL.NZ fall as much as 5.4% to NZ$2.45, lowest level since November 27

** Stock set for its weakest trading session in seven months, if current trend holds

** Commercial recreational vehicle (RV) rental operator says it will close its RV manufacturing factory in Brisbane, Australia, from December 19

** Says will transition all production to Action Manufacturing in Hamilton, New Zealand

** Expects reduction of around 110 frontline and support roles in Australia

** Stock has risen ~23% this year, including session's moves

 (Reporting by Aamir Sheik Khalid in Bengaluru)

 ((Aamir.SheikKhalid@thomsonreuters.com))