Chairman resigns after vote on forest sale
Shareholder vote fails to reach 75% trigger for $13.6m deal.
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Shareholders in a forestry investment firm whose splintered board censored its chairman’s report ahead of a crucial vote have narrowly rejected the $13.6 million transaction.
Samnic Forest Management, set up in 1993 as a structure for investment in a Gisborne pine plantation, was considering
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Tim Hunter
Fri, 11 Dec 2015
Fri, 11 Dec 2015
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Chairman resigns after vote on forest sale
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