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Singapore’s ARA launches part takeover bid for Cromwell – The Australian Financial Review
The Singaporean investment house, already Cromwell’s largest shareholder, has long expressed dissatisfaction with Cromwell’s strategy and has so far failed to gain board representation.
“We seek change based on our strong belief that the existing Cromwell strategy is failing and exposing our investment to unacceptable risks,” said ARA Group chief executive John Lim.
“This is magnif…
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