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Myriam Robin

Keybridge and Molopo duel over Orient transaction

Myriam RobinSenior Writer

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When you're suspended from trade (and have been since July), maybe there's no need to quickly respond to those questioning your contracts. Which must explain why Molopo hasn't yet told its shareholders what it makes of a 50-page repudiation of an Orient transaction issued by major shareholder and frequent litigator Keybridge Capital.

There's little love lost between Molopo and Keybridge, which has been invested in the company for some years. Keybridge was party to Molopo's successful complaint to the Takeovers Panel, which alleged it was improperly acting in concert with Aurora Funds Management (the decision is being appealed), while Keybridge unsuccessfully took Molopo to court to try to stop its Orient transaction (its other legal actions are ongoing).

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Myriam Robin is a senior writer based in the Melbourne newsroom. She has previously been a Rear Window columnist and editor, and before that reported on financial markets and media. Connect with Myriam on Twitter. Email Myriam at myriam.robin@afr.com

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    Original URL: https://www.afr.com/rear-window/keybridge-and-molopo-duel-over-orient-transaction-20180131-h0r12m