The $35 million share dump from The a2 Milk Company’s London penthouse-owning chairman David Hearn has certainly put the cat among the pigeons.
But the Auckland-based company, which is listed both in New Zealand and on the ASX, on Wednesday reassured investors the sale was all because of damn British tax laws.
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Liam Walsh writes on investigations and companies with The Australian Financial Review. He has won multiple media awards, worked in Japan and is now based in Brisbane. Email Liam at liam.walsh@afr.com.au