The Company was initially incorporated in the Australian Capital Territory on 2 September 1970 as Kayarem Pty Limited and changed its name to Karlholt Pty Limited on 14 October 2004.

As of the date of the listing, the Company is the ultimate holding company in the Cruden group of companies which has as its principal assets an approximate 14.66% shareholding in The News Corporation Limited and an approximately 56% shareholding in Queensland Press Pty Limited.

Following the written of the Directors of the Issuer, the BSX granted a voluntary de-listing, in good standing, with an effective date of 11 March, 2011.