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Cinema chain reaps $77.1m windfall after selling Auckland land to rich listers

Kevin Stent/Stuff Hard hit by Covid, US-based Reading Cinemas has ‘’monetised’’ a major piece of land on the Auckland industrial market. Cinema company Reading International has sold a huge parcel of light industrial land in South Auckland, making a bumper profit. The 28.5 hectare parcel of industrial land in Wiri near Auckland Airport was sold for $77.1 million to 100 Prices Rd, a company linked to prominent retailers Anne and David Norman,. Reading reaped a US$41m (NZ$58.45m) gain f...
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Reading International Reports Fourth Quarter 2020 Results and COVID-19 Business Update

Reading International Reports Fourth Quarter 2020 Results and COVID-19 Business Update Revenues Returning as Cinemas Reopen Non-Core Non-Cash Flowing Real Estate Assets Monetized Earnings Call Webcast to Discuss 2020 Fourth Quarter and Full Year Financial Results and COVID-19 Updates Scheduled to Post to our Corporate Website on Monday, April 5, 2021 CULVER CITY, Calif.--(BUSINESS WIRE)--Reading International, Inc. (NASDAQ: RDI), an internationally diversified cinema and real estate company wi...
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James J. Cotter Living Trust Enters 10b5-1 Trading Plan in 2021

Press release content from Business Wire. The AP news staff was not involved in its creation. James J. Cotter Living Trust Enters 10b5-1 Trading Plan in 2021 January 23, 2021 GMT CULVER CITY, Calif.--(BUSINESS WIRE)--Jan 22, 2021-- Reading International, Inc., announced today that the James J. Cotter Living Trust (the “Living Trust”) has entered into a 10b5-1 trading plan (the “Trading Plan”) with the Company pertaining to the sale by the Living Trust of up to 276,000 shares of Class A ...
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Source: apnews.com

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