Australian Style Investments Pty Ltd increased its interest in Multiplex Prime Property Fund on July 22 from 31.4 million (11.2pc) to 35.4 million units (12.6pc).
"At 10am Justice Ross Robson walked into the Supreme Court of Victoria and awarded costs in favour of 27-year-old Bolton’s Australian Style Investments after its lengthy legal battle with BrisConnections.
At the same time in Sydney, Bolton’s latest investment target, Multiplex Prime Property Fund, confirmed to the Australian Securities Exchange what many had suspected — the company is in breach of its banking covenants. Its financiers have set an August 31 deadline for the fund to get its house in order."
