Not approved · Waiver · decided in 29 days, 14 Apr 2026
TWG Hunter Dealerships Pty Ltd is acquiring 95% of the share capital of Sharton Motors Pty Ltd, a car retailing business operating Toyota and GWM/Haval dealerships in Maitland, Port Stephens, and Cardiff. The transaction also involves the direct purchase of associated freehold properties from N&M Burton Pty Ltd.
TWG Hunter Dealerships Pty Ltd (TWG) is acquiring 95% of the share capital of Sharton Motors Pty Ltd (Sharton Motors), and the associated freehold properties (currently held by N&M Burton Pty Ltd). Sharton Motors is in the business of selling and servicing Toyota, GWM/Haval vehicles and the associated sales of parts and accessories under the name of Sharton Motors Pty Ltd at the following sites: 70 Port Stephens Drive, Taylors Beach 104 - 110 Newcastle Street, East Maitland 124 Newcastle Street, East Maitland Union Street, East Maitland 83 - 87 Melbourne Street, East Maitland 75 Melbourne Street, East Maitland 91 Melbourne Street, East Maitland 322 Main Road, Cardiff The Freehold Properties will be purchased by the TWG directly from N&M Burton Pty Ltd. Both the TWG and Sharton Motors are in the business of selling new and used vehicles in Australia. The acquisition will involve: the vendors each selling their entire existing interests in Sharton Motors to TWG, with the effect that TWG will acquire 95% of Sharton Motors, which operates Toyota and GWM/Haval motor vehicle dealerships at locations in Maitland, Port Stephens and Cardiff; and N&M Burton Pty Ltd selling their associated freehold properties to TWG.