The Australian, 24 Oct 2008, Florence Chong
"ANGRY GPT Property Group shareholders have called for the removal of its board after attempts to recapitalise with a $1.6 billion issue and placement to Singapore's state-owned GIC Real Estate."
"GPT also made a placement to Singapore's state-owned GIC RE of $250 million of notes convertible into equities at $1.25 per unit."
"The heavy discount enraged unitholders but GPT's outgoing chief executive Nic Lyons, who stepped down yesterday, said it was critical to ensure the issue was fully underwritten."
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