The Kurow leasehold property was sold in August 2000 in conjunction with the sale of the Waitaki Transport livestock and rural division to the Owens Transport group.
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Repurchase of Shares
In April 2001 the Company made an offer to all shareholders to repurchase a maximum total of 200,000 shares, with preference given to holders of less than 10,000 shares wishing to sell their total shareholding. Conditional acceptances were received from some 55 shareholders for a total of 290,080 shares, and a subsequent approval process and offer resulted in the total of 290,080 shares being repurchased by the Company.