The battle between dissenting director Andrew Abercrombie and the rest of Humm Group’s board continues to wage ahead of next week’s shareholder vote on the sale of its consumer finance business to Latitude Financial.
Humm chairman Christine Christian again took the unusual step of emphasising weakness in the to-be-sold consumer finance arm (HCF). She reiterated the board’s warning to shareholders to take the Latitude deal or risk being forced to hold on to unprofitable assets.