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Quintis has alleged Frank Wilson owes $11.1 million to its finance subsidiary.

Wilson owes $11m: Quintis

Troubled Perth company Quintis plans to take legal action against its founder and former managing director over claims he has failed to meet repayment obligations on an $11 million loan.

The Indian sandalwood producer said Frank Wilson was one of two investors who owed loan repayments to its finance subsidiary, Arwon Finance, and were in default of their repayment obligations.

Mr Wilson allegedly owes $11.1 million to Arwon. Quintis didn’t disclose who the other investor was or how much they owed.

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Quintis (QIN)

Share Price

Closing price for the last 90 trading days
Source: Morningstar

BN30 Index

Index = 100 as of 4 Jan 2016
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

20th↓Vietnam Industrial Investments$315.5m
21st↑Quintis$306.0m
23rd↓Peet$296.0m
24th↓Cash Converters International$271.5m
233 listed industrial companies ranked by revenue.
Source: Morningstar

Remuneration from Quintis

111thAlistair Stevens$769k
481stQuentin Megson$299k
249thDalton Gooding$293k
Ranked by total remuneration from all listed WA companies

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