51.   He was commenting on whether PNB would be acquiring new equity interests.

52.   Mr Jamieson believes the new equity business could be profitable this year.

53.   No decision has been made on where the new national junior equities market will be headquartered, although it will be based in Western Canada.

54.   The company said it may ultimately issue new equity to serve as more permanent financing before the deal is closed.

55.   The listing is not an initial public offering of new equity, which would have been more seriously affected by lower stock prices.

56.   The new equity products firm is unlikely to be listed in the short term.

57.   The new equity would be offered solely to Citibank, the paper said.

58.   While the new equity product business would have its headquarters in Hong Kong, it would not necessarily be a public company, he said.

59.   Cottew said the acquisition of Gotaas-Larsen would be financed through syndicated loan facilities and the issue of new equity.

60.   Cottew said the acquisition would be financed through syndicated loan facilities and the issue of new equity.