This article is from the Australian Property Journal archive
CORPORATE raiders Guinness Peat Group have offloaded their substantial interest in developer AVJennings.
GPG has sold 21,165,147 securities worth $8.25 million to institutional investors.
GPG’s sale is expected to bring stability to AVJennings.
Over the years, AVJennings has successfully fended off GPG attempts to appoint nominees to the board of AVJennings.
GPG also unsuccessfully called for AVJennings to liquidate its assets and return the funds back to shareholders.
Property Review
