News: PPC Peet Ltd Moves To 100% Ownership Of Flagstone City Project

  1. 193,698 Posts.
    lightbulb Created with Sketch. 2825

    Dec 31 (Reuters) - Peet Ltd (PPC) :

    • MOVES TO 100% OWNERSHIP OF FLAGSTONE CITY PROJECT
    • AGREED TO ACQUIRE SPIRIT SUPER'S 50% SHAREHOLDING IN FLAGSTONE CITY PROJECT IN QUEENSLAND
    • ACQUISITION IS BEING FUNDED FROM EXISTING CASH AND DEBT FACILITIES
    • TO ACQUIRE SPIRIT SUPER'S SHARE IN PROJECT FOR A$46.15 MILLION
    • IN ADDITION TO PAYMENT, PEET WILL ASSUME AN ADDITIONAL A$21 MILLION OF DEBT, REPRESENTING SPIRIT SUPER'S SHARE OF PROJECT'S DEVELOPMENT LOAN
    • GROUP'S LIQUIDITY EXPECTED TO REMAIN STRONG WITH CASH AND AVAILABLE DEBT FACILITIES FORECAST TO AVERAGE A$93 MILLION OVER NEXT 18 MTHS
 
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)
Last
$1.65
Change
-0.010(0.60%)
Mkt cap ! $772.4M
Open High Low Value Volume
$1.67 $1.69 $1.64 $36.05K 21.73K

Buyers (Bids)

No. Vol. Price($)
1 400 $1.65
 

Sellers (Offers)

Price($) Vol. No.
$1.70 2000 1
View Market Depth
Last trade - 16.10pm 12/08/2025 (20 minute delay) ?
PPC (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.