Shareholders in revolt at Kerr’s London real estate company
Since Kerr’s Torchlight fund bought into Aim-listed KCR its shares have fallen more than 80%.
One of KCR’s London properties whose apartments are leased to over-55-year-olds.
Ex-pat Kiwi businessman George Kerr is facing a rebellion from minority shareholders of a UK real estate company after a share price drop of more than 80% since his company took control.
Kerr’s Cayman Islands-registered private equity fund Torchlight, a subsidiary of the previously NZX-listed Pyne
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