Accordingly, on 30 June 2019 the Board declined to accept the terms of that transaction as it stood and requested that management seek to negotiate more favourable terms.
.....the other party must be in a strong position to get those terms through now as they would have known at the time.
This comes down to poor judgment (too optimistic) in market demand or have they built it too early (longer term interests)? QIC seemed to think so.
In terms of sales...I always thought it was a concern when Matt Hollis left. In and on the Board in 2017 and not there for long. Not sure what happened there.
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