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.
