Just a few weeks into his role as CEO of ING Real Estate Community Living Group (REIT), Simon Owen has negotiated an extension of short-term banking facilities due to expire 22 December, giving him time to finalize the sale of the Meridian and Regency portfolios with the goal of a new three-year facility. Given a 72% debt load, this is an achievement.
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...