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An announcement from Keybridge Capital Limited ( (AU:KBC) ) is now available.
Keybridge Capital has secured asset-freezing orders from a Milan court over Italian property owned by Nicholas Bolton and his wholly owned entity Crotto del Nino S.r.l., covering up to A$4.7 million linked to a Lake Como residence. The property was allegedly acquired using funds transferred from a Keybridge subsidiary in July 2024, and similar freezing orders over Bolton’s Australian assets were made by the NSW Supreme Court in September 2024.
The Italian orders will remain in place pending the outcome of recovery proceedings in the NSW Supreme Court, initiated by Keybridge’s largest shareholder WAM Active Limited on behalf of the company. WAM Active is seeking to recover the transferred funds for the benefit of all Keybridge shareholders, and the Milan court has ordered Bolton and Crotto to pay the costs of Keybridge and WAM Active in the Italian proceedings, underscoring the company’s efforts to protect shareholder value.
The most recent analyst rating on (AU:KBC) stock is a Hold with a A$0.05 price target. To see the full list of analyst forecasts on Keybridge Capital Limited stock, see the AU:KBC Stock Forecast page.
More about Keybridge Capital Limited
Keybridge Capital Limited is an investment and financial services group listed on the ASX that manages a diversified portfolio of listed and unlisted investments and loan assets. Its holdings span life insurance in New Zealand, property and funds management sectors, as well as substantial positions in Yowie Group Ltd, Benjamin Hornigold Ltd, HHY Fund, Molopo Energy Limited and RNY Property Trust.
Technical Sentiment Signal: Sell
Current Market Cap: A$9.72M
Learn more about KBC stock on TipRanks’ Stock Analysis page.