No solid ASX plan for the Wagners

WAGNERS Group chairman Denis Wagner has refuted reports the family-owned company was on the verge of listing the building materials arm of its operation on the Australian Securities Exchange.

The Australian yesterday reported the Toowoomba company was planning the move, reported to be worth up to $500 million.

The report also said chartered tourist flights from China to the Wagner-built Wellcamp airport had started.

But Mr Wagner, while not ruling out the possibility of the listing, said the company and its directors had made no decision either way.

“We are always looking, continually looking, at our capital structure and that may or may not include a listing,” he told The Chronicle.

“There’s been no decision made to list but if there is an opportunity, like most things, we will certainly investigate and consider seriously.”

Mr Wagner said while the Wellcamp airport operation continued to investigate further opportunities in regards to passenger tourist flights, no agreements had been made.

“If there is an opportunity for chartered tourist flights we will investigate it as we look at all opportunities to enhance business prospects for the region,” he said.

A chartered flight from Wellcamp to Hong Kong had been scheduled as part of the Toowoomba and Surat Basin Enterprise, and Food Leaders Australia, trade delegation next month.

The flight would have been the first international chartered tourist flight before the delegation was cancelled last month due to low booking numbers.