Daily Planet (property trust)
From Wikipedia, the free encyclopedia
Daily Planet is a property trust which briefly made headlines on its initial public offering in 2003. Because the property owned is used as a brothel in Melbourne, Australia, the listing of shares of stock on the Australian Stock Exchange caused consternation and titillation, and publicity for the company. Chief Executive Andrew Harris noted that shareholders are "not actually investing in a bordello... it's a bricks and mortar investment in the Daily Planet building."
In 2004 the company resolved to sell its interest in the Daily Planet due to difficulties with the Business Licensing Authority[1] over conflict of interest in owning a building which contained both a brothel and other licensed premises. The company changed its name to Planet Platinum and has gone on to pursue other entertainment business.
