Eureka Group Holdings (ASX:EGH) is continuing on its retirement village acquisition strategy, and is now conducting a trading halt to further increase its portfolio.
The ASX has granted the company a trading halt, with its shares placed in pre-open.
In July EGH completed the acquisition of the freehold land and buildings of Cascade Gardens Cairns, a 53-unit Seniors Rental Village, for around $3.1 million.
EGH is focussed on acquiring physical villages and associated management rights.
During FY14 the company made a net profit after tax of $662,000. Total assets were close to $16 million.
The halt will remain in place until the opening of trade on Tuesday 30th September 2014, or earlier if an announcement is made to the market.
