In its Half Yearly report Stockland also states it has perpetual first right of refusal over retirement living assets of FKP [being Aveo] - a most unusual and advantageous position to be in. They own 14.9% of Aveo parent FKP. Their shareholding in Aevum has also been diluted from 13.9% to 10.1% after Aevum merged with IOR utilizing a script issue.
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...