Following its purchase of over 12 per cent of Capalino Honey shares last week, Mariner Corporation now has its sights set on having a 20 per cent stake in the company.
Mariner has written to all the shareholders in Capilano Honey Limited, with an offer to pay up to AU$1.50 per share, which would mean another $925 000 investment from company, which specialised in international real estate until the Global Financial Crisis (GFC), when it changed its business plan.
The stake in Capalino is just one of many food company acquisitions by Mariner.