Court documents have shown that the former Japara CEO at the centre of the court case, Arnan Rouse, sent an email saying he was concerned about the companies insolvency in May 2009. Board minutes and a sales document show that Japara's shareholders have been looking to sell for up to $500 million and have identified two potential buyers.
http://www.thesourcetoday.com.au/p602_Japara-Court-case-reveals-Board-knew-of-insolvency-in-2009.html
Exclusive: Aveo to sell off its retirement villages in South Australia and Tasmania
Tony Randello, CEO of the nation’s leading retirement village provider, said the impending sale of its 16 retirement villages in South Australia and Tasmania “aligns with Aveo’s regular strategic review of opportunities across its portfolio”. The...