I'd say this is to avoid a Takeover
Ann in the Australian today ans ASX
Valad Property Group’s management is believed to be seeking an equity backer to launch a company buyback;” as stated at the AGM on 30 October 2008, the Group will look at all opportunities to enhance security holder value, and will keep security holders and the market fully informed of any developments as they may occur
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I'd say this is to avoid a TakeoverAnn in the Australian today...
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