When did this investment get approved by shareholders??? Seems a bit off track...
QRSciences remains the second largest shareholder in Freeside Pty Ltd (Freeside), with an
ownership level of approximately 19%. Freeside owns the Barrack Street Jetty property in the
Perth city centre, a site on which several developments exist, including a hotel currently under
construction, an operating bar and several restaurants. The Board views the investment in
Freeside as non-core and intends to divest this holding at an appropriate time.
Any anticipated sale proceeds are expected to exceed the current book value.
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