Foresta Moves Closer to Binding Lease Agreement With Putauaki Trust With NZ$100,000 Commitment

MT Newswires Live

2025/12/04

Foresta Group Holding (ASX:FGH) agreed to pay NZ$100,000 to Putauaki Trust to move closer to a formal binding lease agreement for a 9.6-hectare land for the Kawerau stage 1 site development, according to a Thursday Australian bourse filing.

The payment is intended to cover the Trust's incurred costs during the process of fulfilling the conditions for reaching a binding lease agreement, the filing said.

The payment will be applied to future rent obligations once a binding deal is reached, the filing added. If the lease does not proceed, the company will be refunded the full amount.

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