Ann: Change in substantial holding, page-23

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speedie

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20/10/17

10:10

Post #: 28056510
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Originally posted by kevg91 ↑

Surely FW along with either KKR/Blackrock/GS will take it sinking ship & make it float again....

The May AFR article:

"Just when we thought the Quintis/TFS Corp saga couldn't get much messier, insert private equity giant and fellow Indian sandalwood grower KKR & Co.
Street Talk understands Quintis' biggest shareholder and now former CEO Frank Wilson has been in talks with KKR on and off over the past 12 months about merging the pair's plantations.
Quintis owns and manages Indian sandalwood plantations up near Kununurra in Western Australia and, as luck would have it, so too does KKR via its controlling stake in Santonol Group.
The two owners face a similar bunch of challenges in what is a capital-intensive operation and it is understood they have considering what amount of synergies there would be in combining their growing, harvesting and marketing operations.
Wilson and KKR are said to have built up quite a rapport in the past year.
And with UBS and Herbert Smith Freehills-advised Quintis now in a spin - thanks to US short-seller Glaucus Research publicising what had been a long-held position by a bunch of the local hedge fund set - Wilson's keen to explore all manner corporate and strategic tie-ups.
He tendered his resignation as CEO on Tuesday morning in an effort to work up a deal with his 15 per cent stake in the company. He said he had been approached by a "well funded, credible party" recently, with a view to buy Quintis.
And his mates at KKR are understood to remain interested in the background."

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Could be a possibility Kev and also why KKR are trying to oust other shareholders

https://www.businessnews.com.au/article/Santanol-dispute-heads-to-court

QIN Price at posting: 29.5¢ Sentiment: Hold Disclosure: Held
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0 Great analysis

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