Or is management trying to get a majority share holding within the ranks of directors/colleagues etc so they will have enough voting power should the need arise to exercise that power over future decisions that may not be popular?
As at 4th Feb 2013 Wallace Infrastructure Pty Ltd was the 5th largest shareholder in G8 education 20,021,739(8.11%)
Wallace Infrastructure Pty Ltd was deregistered on 18/02/2013
Change in Trustee announcement http://hotcopper.com.au/announcements.asp?id=540679 13 Mar2013
On 11th Mar 2013 Geosine became the registered holder for 20,021,739 G8Education shares, nil cash consideration, just as a change of trustee with 7.4% voting power. Kimberley Yin,a close associate of Chris Scott is listed as the company director of Geosine Pty Ltd. http://www.aspecthuntley.com.au/asxdata/20130313/pdf/01391054.pdf
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