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

Reuters

2025/02/07

** 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;))

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