So it appears we now know the reason why Michelle travelled to Holland was to sure up the GRR owners (20%) for the JV, but its backfired cos apparently most Dutch investors are like us Ozzies and are not happy about it. There would be 25% of unhappy shareholders that can voice these concerns.
The decision of AFR reporter to ask GRR on whether the property investment decision is connected to the FDI crackdown (particularly Chinese) is a concern for shareholders but equally directors I would think and if it has any substance will surely attract further scrutiny "The spokesman said the strategy had "no connection at all" to recent crackdowns on foreign investment in Australia's residential property market.
So it appears we now know the reason why Michelle travelled to...
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