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Foresta Group Holding Limited (ASX:FGH)
ALERT: Price-sensitive ASX Announcement for FGH
Current share price for FGH : $0.009 -0.021 (-70%)+
Announcement
Release
9 Feb 2026 4:56PM
Price at Release
$0.030
Full Release
Summary
Foresta Group Holdings Limited (ASX:FGH), known as FORESTA, announced the execution of a formal lease agreement with the Putauaki Trust for the Kawerau site in New Zealand. This follows the satisfaction of conditions under a previously announced Agreement to Lease. The lease will commence on 1 March 2026 and is set for an initial term of 30 years, with an option to extend for an additional 20 years. The execution of the lease is a significant milestone for FORESTA, supporting their strategic initiatives and the development of an integrated biomass manufacturing facility. The signing ceremony was held at New Zealand Parliament in Wellington, attended by FORESTA's Executive Chairman, Executive Director, and other dignitaries.
Key Points
- Formal lease executed with Putauaki Trust for Kawerau site.
- Lease commences on 1 March 2026 for 30 years, with a 20-year extension option.
- Key milestone for FORESTA's strategic regional initiatives.
- Supports development of biomass manufacturing facility.
- Signing ceremony held at New Zealand Parliament.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.
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