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Housing Founders Cry Foul Over Differential Exit Issue; Write To the Board
Eight of the 12 Housing.com founders have reportedly alleged the Board of the merged entity for giving them differential treatment on exit, with respect to investors. As stated in a complaint letter sent to the Board, the founders were not being offered equal purchase terms for their shares. Differential treatment of the same class of shares is a violation of our rights as shareholders, the founders said. This group of Housing founders has also complained about not being formally informed about the deal with PropTiger.
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