Dorchester Property unitholders turn down a bid to dump manager

Fri, 29 May 2015

By Fiona Rotherham May 29 (BusinessDesk) - Unitholders in the Dorchester Property Trust have rejected a resolution from one of the investors to dump the manager of the hotel investor which was spun out five years ago from the financier and insurer formerly known as Dorchester Pacific and since renamed Turners. Following a special meeting in Auckland today, the resolution put by LET Securities, owned by directors Deepak Gupta and John Southworth, failed to attract the sufficient number of votes required to have LET replace the current trus...

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