No mention of FMA probe at Senior Trust AGM
Shareholders pass resolution allowing more related party borrowing to fund share redemptions.
The AGM heard Senior Trust has found a potential buyer for Stoney Creek in Wanaka after a loan default in February 20.
The Financial Markets Authority investigation of Senior Trust Retirement Village Income Generator went unremarked at the finance company’s annual meeting on Friday, with apparently no shareholder questions about it tabled to the online-only event.
Senior Trust, with $197 million of investor’s
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