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

MT Newswires Live

Dec 04, 2025

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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If the lease does not proceed, the company will be refunded the full amount.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"FGH.AU","symbol_name":"FORESTA GROUP HOLDINGS LIMITED","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2588074054","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2588074054","pubTimestamp":1764818126,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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