Aveo parent FKP is still under a takeover offer by Lend Lease at $5 per share. In a vote of confidence, Mulpha International an existing major investor in FKP this week spent $19.8 million to increase its shareholding from 15 to 16.6 percent, paying $4.60 per share. If Lend Lease did win its takeover tomorrow, Mulpha would immediately make $1.7 million.
ATO plans to charge GST on manufactured home parks scrapped
A concerted effort by the Residents Association of manufactured home parks has headed off the ATO which had planned to impose GST in mobile homes. This would have added 10% to the cost of the purchase of a home