One of the oldest listed companies on the ASX looks set for a shake-up, as the activist investor behind the overthrow of the leadership at failed recruitment tech company 1-Page has accumulated a significant position in struggling tech company Hills.
Merchant Group's Andrew Chapman started buying up the stock six months ago, but tight liquidity has meant it took him until earlier this month to amass a shareholding of more than 5 per cent.
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Yolanda Redrup is the editor of the AFR Rich List. She previously reported on technology, healthcare and Street Talk. Connect with Yolanda on Twitter. Email Yolanda at yolanda.redrup@afr.com
