- November 29, 2012
- Posted by: admin
- Category: HCI Australia
OCEANIA Capital Partners, formerly Allco Equity Partners, has generated some shareholder dissent over what is being regarded as generous treatment of the company’s major shareholder in relation to a recently announced rights issue.
Oceania implemented a restructure last year in which it returned $170 million via a share buyback at $2.15 a share and a capital return of 30c a share.
Source: The Australian – Bryan Firth