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Promisia’s close ties to major shareholder troubles NZSA

The Shareholders’ Association is concerned with the company’s ‘unusual arrangement’ with its controlling shareholder, Thomas Brankin.

Promisia Healthcare’s Aldwin House.

The New Zealand Shareholders’ Association has gone public with its concerns about the close ties between Promisia Health and its major shareholder and executive director, Thomas Brankin, who owns 52% of the aged care provider.

Promisia purchased three of its four aged care facilities, as well as

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Nicholas Pointon Thu, 14 Sep 2023
Contact the Writer: nicholas@nbr.co.nz
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Promisia’s close ties to major shareholder troubles NZSA
Investment,
100834
true