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Waltus gets the go-ahead
Monday 6th of November 2000
The High Court has given the green light to Waltus’ plans to merge property syndicates into one company, in spite of objections by a group of dissenting shareholders.
However, it’s been made plain that the Court OK only comes if Waltus sorts out the issue of some $2.95 million in management fees pre-paid by the 27 syndicates but not properly accounted for under the new proposal.
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