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A2B unveils property deal ahead of AGM showdown

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. 

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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

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    Original URL: https://www.afr.com/link/follow-20180101-p599rp