A2B will swap a $57 million property for a $135 million property. But will be it enough to prevent two big shareholders voting against chairman Paul Oneile.
A2B, formerly known as Cabcharge, will face off with frustrated investors at Thursday’s annual general meeting from a stronger position after announcing a property deal that will see it swap its $57 million property in the Sydney suburb of Alexandria for another property in the same suburb that it says will be worth an estimated $135 million at completion.
A2B is facing a showdown with unhappy investors at its AGM. Ryan Osland
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James Thomson is senior Chanticleer columnist based in Melbourne. He was the Companies editor and editor of BRW Magazine. Connect with James on Twitter. Email James at j.thomson@afr.com
