Turners joins ASX

Turners Automotive Group Limited has been admitted to the Australian Stock Exchange (ASX), effective from the market opening at 1pm New Zealand time today. Turners has joined the ASX has a foreign-exempt entity alongside other major Kiwi companies, including Air New Zealand, Fisher & Paykel, and Trade Me.   “The listing on the ASX will provide the company with access to a larger capital market to support its growth strategy,” Turners Group said in a statement. The inclusion into the ASX comes after Turners Group announced the new CEO of the retail Turners Group NZ business, which was formerly known as Turners Auctions. Greg Hedgepeth will join the executive team in August. Turners is now trading on the ASX with the code TRA.  Details of share prices and volumes will be revealed as trading on the ASX gets fully underway.