GDK Retirement Village M/ment & Financial Srvcs Assets Acq.
7/5/02 7:58:27 PM
MAXE-TEC AUSTRALIA LIMITED 2002-05-07 ASX-SIGNAL-G
HOMEX - Brisbane
+++++++++++++++++++++++++
On the 11 April 2002 Maxe-tec's Board advised the ASX that the
Company was continuing with all necessary documentation required to
conclude the acquisition of the retirement village management and
financial services assets of GDK Financial Solutions Pty Ltd (GDK),
Sydney.
The Board also advised that Maxe-tec's financial advisors, Ernst &
Young Corporate Finance Limited, were finalising their independent
expert's report that is to be submitted with the notice convening the
Extra Ordinary General meeting (EGM). Completion of this report and
release of the notice of meeting material is imminent.
The Board has no reason to believe that the remaining conditions
precedent will not be able to be satisfied in the short term,
allowing the acquisition of the GDK assets to be concluded an the
basis of the approvals previously announced by the company.
D Barwick
CHAIRMAN
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