Construction and development group GRD Ltd intends to sell down 180 million shares in its New Zealand gold mining subsidiary OceanaGold, now reducing its stake from 56.94 per cent to 6.94 per cent.

Construction and development group GRD Ltd intends to sell down 180 million shares in its New Zealand gold mining subsidiary OceanaGold, now reducing its stake from 56.94 per cent to 6.94 per cent.