CQU 0.00% 1.5¢ commquest ltd

management buy out

  1. 1,308 Posts.
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    I see, in the press release of todays date, that certain items owned by the Company, i.e. the shareholders, have been sold via a "management buy out". I hope this was done on an arms length basis and not the sale of high quality assets to managment at less than true market value. Frankly I would like to see that sale of all shareholders assets to insiders be approved by the shareholders. I wonder if the shareholders will be given this opportunity. Does any one care to respond the legal requirements of the sale of company assets to management?
 
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Currently unlisted public company.

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