Prime Retirement and Aged Care Property Trust (Prime Trust) suspended shares from trading on Monday this week with their responsible entity citing refinancing discussions as the reason. Australian Property Custodian Holdings (APCH) has predicted that the suspension will last until 18th August.
Five Prime Trust directors found to a breach their duties when handing over $33 million to Bill Lewski
Corporate watchdog ASIC was successful in the Federal Court, obtaining a ruling that the five former directors of Prime Trust are liable for breaching their duties as officers of the trust APCHL. They agreed to the amendment of the Constitution of...