NZSA and David Sena strike a deal over 2 Cheap Cars share purchase

2 Cheap Cars' David Sena. (Image: supplied)

Mon, 11 Sep 2023

The New Zealand Shareholders Association has reached a deal with 2 Cheap Cars' major shareholder, David Sena, that it believes will protect the interests of minority shareholders.Subject to a vote at the NZ stock exchange-listed company’s annual meeting later this month, Sena, through his family trust, is set to increase his shareholding in the car retailer to roughly 76%.Sena and Eugene Williams reached an agreement, announced to the market in July, for Sena’s family trust to purchase all of Williams’ shares, represe...

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