Nuhaka sale backed by unitholders

Nuhaka Forestry Fund's unitholders have approved the $7.16 million sale of its forestry right to GMO Renewable Resources.

It told the stock exchange yesterday that settlement was scheduled for November 10. GST would be added to the sale price.

Nuhaka's trustee now intends to wind up and distribute the fund, and will contact unitholders in the next two weeks.