London | The CEO of digital property exchange platform PEXA, Glenn King, says his strategy will not be side-swiped by Link Group’s plan to potentially distribute its near half-stake in his company to its own shareholders.
As part of Link’s effort to salvage something for shareholders after a $2.5 billion merger deal collapsed last Friday and the share price plunged, Link CEO Vivek Bhartia said the company might offer its investors most or all of its 42.8 per cent stake in PEXA.
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Hans van Leeuwen covers British and European politics, economics and business from London. He has worked as a reporter, editor and policy adviser in Sydney, Canberra, Hanoi and London. Connect with Hans on Twitter. Email Hans at hans.vanleeuwen@afr.com
