Coronet Prop. plans action
PA Hamilton A Hamilton property development and investment company, Coronet Property Group, Ltd, is planning legal action against newly listed namesake, Coronet Equities, Ltd. The Hamilton company intends seeking a high court injunction to ' stop Coronet Equities, Ltd, from using the name. Coronet Equities is a public investment company headed by an Australian businessman, Mr lan Joye. Coronet Property Group
executive director, Mr Terry Lowndes, said his group had been trading as Coronet since 1974.
“The public listing of Coronet Equities, Ltd, has caused confusion and could cut across our own future plans,” he said.
Mr Lowndes said he was surprised the Registrar of Companies had allowed the Coronet Equities, Ltd, name to be registered when Coronet had already been used extensively by his group. He said legal proceedings would be lodged early next week.
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Press, 26 February 1987, Page 26
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139Coronet Prop. plans action Press, 26 February 1987, Page 26
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