Reuters – New York-based investment firm Orange Capital LLC plans wants to replace the management of Australian property trust Charter Hall Office REIT and plans to call an extraordinary general meeting, it said on Monday.
Charter Hall Office has been at odds with three U.S. major shareholders, Orange Capital, Luxor Capital and Point Lobos Capital, who own a combined 18.15 percent stake, over how to boost shareholders returns as the stock continues to trade below its net tangible asset value (NTA).
