News

Investor wins Hanover tax fight

Thursday 2nd of February 2012

Hanover investors were given Allied shares at 20.7c each in a debt-for equity swap when Allied purchased the stricken finance company in December 2009, but the value of the shares plummeted to just 10c on the first day of trading.

This slump in value cost the investor in question more than $50,000 as he sold his shares, which were worth $98,657.57 based on the 20.7c price, for ...

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