Oct 18 (Reuters) - Home Consortium Ltd (HMC) :
- ANNOUNCES PROPOSAL FOR SIMPLIFICATION OF HOMECO STRUCTURE FROM A STAPLED COMPANY STRUCTURE TO A SINGLE COMPANY STRUCTURE
- UNDER PROPOSAL, TO TRANSFER ALL SHARES IN HCDL TO HCL IN EXCHANGE FOR NEW SHARES IN HCL
- UNDER PROPOSAL, SHAREHOLDERS WILL HOLD ONE SHARE IN HCL FOR EACH HOMECO STAPLED SHARE THEY CURRENTLY HOLD
- UNDER PROPOSAL HOME CONSORTIUM DEVELOPMENTS LIMITED WILL BE DELISTED FROM ASX
- PROPOSAL WILL NOT RESULT IN CHANGE TO COMPOSITION OF BOARD OR MANAGEMENT, OPERATIONS, ASSETS OR LIABILITIES
- HOMECO WILL INCUR ONE-OFF TRANSACTION COSTS OF APPROXIMATELY A$1.5 MILLION IF PROPOSAL IS IMPLEMENTED
News: HMC Home Consortium Announces Proposal For Simplification Of Homeco Structure
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$3.66 |
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Mkt cap ! $1.510B | |||
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