Friday 26th May 2017 |
Text too small? |
"FEI has grown rapidly over the last few years," FE Investments managing director TK Shim said in a statement. "Being part of the ASX listed company will enable FEI to tap into the Australian markets for capital to support FEI's growth plans where the ASX is regarded as a major bourse on the world stage."
Shareholders of both firms approved the deal in separate meetings earlier this year, and once it's settled, Wolfstrike will consolidate its shares in a 30-to-one basis. The shares last traded at 0.5 of an Australian cent each.
FE Investments had assets totalling $37.2 million as at March 31, 2017, with about 30 percent of its loan book for property development. At the time, it held term deposits totalling $29.5 million, of which about 46 percent was from non-resident investors. (BusinessDesk)
No comments yet
July 8th Morning Report
Half-way predictions scorecard
SKT - Sky appoints new Chief Financial Officer
July 7th Morning Report
CDC Independent Valuation - 30 June 2025
TruScreen Group Limited SPP Update
THL provides updated guidance
CEN - Greymouth gas deal
July 4th Morning Report
July 3rd Morning Report