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Newspaper
Canberra Times
Location
Canberra, Australian Capital Territory, Australia
Date
Aug 18, 1964
Page
4
Two directors of George Hudwin Holdings Ltd were removed from the management on Friday. The upheaval followed internal disputes and a shakeup in leadership as the board voted to eject two executive members amid ongoing governance tensions.
A chaotic week for the RM C board as Elton Griffin joins the Directorate, a takeover attempt gathers pace. Share prices wobble around 14 7 pence with a 16 6 offer on the table from S R and W M L, while analysts weigh the growth potential and dilution risk amid mounting internal tensions and merger talk.
Sydney directors of Max Wurcker Holdings warn shareholders that accepting Oza paper circular’s takeover offer would cut returns. They argue market value, dividends, and equity would decline. offer details and future stake impacts are outlined amid volatile broker and share price conditions.
Fairfax and associates announce a proposed dividend plan tied to consolidated net utilities earnings. The Melbourne based company reports a 13 to 14 percent dividend rate with a per cent uplift guidance, listing a 0 to 7 times shareholder funds limit. The plan affects Fairfax Roberts Lads and Sydney subsidiaries, with a sevenfold cap on funds and a trust deed change noted.
Monnay The Sydney building firm of McConnell and Fear Partners was ordered to wind up. Chief justice in Igaly appointed provisional liquidator Nitham James. A statement of all Iine of McConnell and Tear at the MI 49d. deficience and Minister Ban weighs future of contracts including hospital and high school projects.
The record outlines stock options and a 37 to 39 percent stake in various entities, noting a 3 month to six month turnover and profit figures. It highlights annual and interim results, including net profit, dividends, and the conversion history of a company into a public entity, with implications for shareholder value and administration costs.
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