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Urbus plans run into opposition
Thursday 31st of October 2002
Waltus wants to roll a further nine syndicates and their 16 properties into Urbus Properties at a total nominal cost of $157 million. Investors are being asked to swap their investments in the individual syndicates for convertible notes in Urbus. The enlarged company would then have about $390 million in assets.
Urbus was formed in 2000...
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