2017 BRISBANE TOP COMPANIES: LEFT THE LIST
28 April 2017, Written by Ben Hall, David Simmons, Paris Faint, James Perkins
CARINDALE Property Trust made their exit purely because they moved head office to Sydney, while CIMIC secured control of Sedgman after the Brisbane engineering group recommended investors accept a $256 million hostile bid.
Shine Lawyers is reportedly a very unhappy Brisbane office and for the past two years it has delivered disappointing financial results.
And home builders Devine was once one of Australia's most recognisable corporate brands but is now in serious decline with a 2016 result which revealed a $38 million loss and a write down of its assets from $388 million to $256 million.
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Author: Ben Hall, David Simmons, Paris Faint, James Perkins