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Asic blocks Quintis growers’ plan

Quintis investors hoping to appoint a new ‘responsible entity’ to have oversight of their sandalwood project will need to change plans after the corporate regulator said their two preferred entities were not eligible to take the role.

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Fremantle
Given the position expressed by both the receivers and Primary it appears the growers would be best protected by the 2 parties collaborating - primary acting as responsible entity independently and engaging and supervising Quintis in managing the plantations. But the emphasis must be collaboration after primary secures authority from growers to negotiate.

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Quintis (QIN)

Share Price

Closing price for the last 90 trading days
Source: Morningstar

Share Transactions

23/03/17
$59k Bought
19/12/16
$0 Issued
02/09/16
$100k Bought
Total value as at the date of the transaction
Source: Morningstar

Revenue

38th↑Finbar Group$125.8m
39th↑Veris$107.9m
40th↓Quintis$97.4m
41st↑Kresta Holdings$87.8m
42nd↓Neptune Marine Services$82.6m
234 listed industrial companies ranked by revenue.
Source: Morningstar

Remuneration from Quintis

104thAlistair Stevens$769k
455thQuentin Megson$299k
350thDalton Gooding$293k
Ranked by total remuneration from all listed WA companies

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