Trading in Multiplex Group and Ronin Property Trust stock in Australia was halted late on Friday, expected to resume on Tuesday.
Mirvac Group denied it was talking takeover with Ronin on Thursday, while neither Multiplex nor Ronin has made any comment.
The Australian activity has a bearing on property ownership in New Zealand. Ronin bought the National Provident Fund’s 30% stake in the AMP NZ Office Trust last summer, plus 50% of the trust’s management company.
Multiplex, primarily a commercial builder, has had a growing New Zealand presence, setting up a development arm and recently a listed fund holding New Zealand assets.