New Zealand: Proposals to restructure Vital Healthcare knocked back

Aaron Hockly, fund manager, Vital Healthcare Property Trust

Plans to restructure New Zealand’s Vital Healthcare Property Trust, to facilitate an ASX foreign exempt listing have been knocked back. At a meeting on 2 April, although 66.2% voted in favour, 33.8% voted against with the remainder abstaining. The proposal did not reach the 75% threshold to pass. The charge against the scheme was led…

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