The biggest shareholder in West End landlord Shaftesbury has stepped up his attack on its board, vowing to vote against the re-appointment of senior bosses at its AGM on Friday.
Sammy Tak Lee, the billionaire Hong Kong property investor, has accused Shaftesbury of deliberately trying to dilute his stake through a £265m fundraising in 2017.
He claims to have only been made aware of the placing on the morning it was announced to the public, leaving him with just hours to raise capital to buy new shares or else face having his stake cut.
