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.
QRS Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
