This article is interesting but also lacking details relating as to how Jenny Hutson got control of the Premium Income Fund and its further downfall under the management of Wellington Capital Ltd. Further research reveals: March 2013 Geosine announced it was a new substantial holder in G8 with just over 20 million shares that gave it control of 7.4 per cent of the company, where did those shares come from???
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.
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