Property problems: Unwanted transaction: where do you turn?
Q. I own shares in a property investment company. The investment has returned good dividends and I was very happy with how the company was run. Recently, the company has made a key decision that I have opposed. In particular, it has agreed to sell its largest property. The property has been showing good rental returns and increasing in capital value. I believe the
Sunday, April 4th 2004, 1:12AM
by The Landlord
sale price to be less than it could have been and that the company would be much better placed holding on to the property.I have recently discovered that the purchaser company is part-owned by a trust associated with the directors of the company I have invested in. This was not disclosed in the company's interests register.
The sale is yet to go through. I am worried that the value of my investment will be adversely affected by the sale.
What can I do?
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