Who Are Aveo’s Big Shareholders?

So far in the Aveo retirement village scandal story, attention has focused on the company, and its major shareholder – Mulpha Australia – which is not only a big Malaysian group but is a large property developer in Australia with developments Sanctuary Cove, the Norwest Business Park Sydney, housing developments nearby at Bella Vista and Mulgoa in western Sydney; as well as the ultra-luxury private Hayman Island on the Great Barrier Reef. Mulpha holds a strategic 22% stake in the Aveo Group. It is about to rise.

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