Connect with us

Local News

Bill McDonald retires from McDonald Jones Homes Group, offloading his 40 per cent share to Japanese partner AKH, which is now MJHG’s majority shareholder | Newcastle Herald

Published

on

news, local-news,

MCDONALD Jones Home founder Bill McDonald has retired and the building Group’s Japanese partner Asahi Kasei Homes has bought his share of the business to become the majority shareholder in the Hunter building juggernaut. The exit of Mr McDonald, who founded the company in 1987, means AKH’s shareholding of 40 per cent, which it acquired in 2017, will now double to 80 per cent. MHJ Group’s managing director Andrew Helmers holds a 20 per cent stake in the company, which was founded by McDonald and then business partner Phil Jones. In a media statement, MJH Group said Mr McDonald’s passion for building had seen McDonald Jones Homes grow from humble beginnings in 1987 with a handful of people, into the MJH Group spanning…



Click here to view the original article.

Continue Reading
Advertisement

You might also like ...

Despite NSW government funding rejection, City of Newcastle begins work on $3.7 million rock bag wall to protect part of Stockton’s coastline | Newcastle Herald
Australia, it’s time to admit we have a gambling problem | Newcastle Herald