Brief: Asset Plus To Withdraw $100 MLN Rights Issue

Asset Plus

17/03/2020 20:34

March 18 (Reuters) - Asset Plus Ltd  APL.NZ :
    * DUE TO CURRENT VOLATILITY AND CURRENT TRADING PRICE OF
ASSET
PLUS SHARES, BOARD HAS DECIDED TO WITHDRAW $100 MILLION RIGHTS
ISSUE
    * INTENDS TO MEET WITH AUCKLAND COUNCIL TO DISCUSS A
POTENTIAL
EXTENSION TO FUNDING AND SHAREHOLDER APPROVAL CONDITION
SATISFACTION DATE
    * DEAL TO DEVELOP AND LEASE PROPOSED DEVELOPMENT AT ALBANY
IS
STILL IN PLACE REMAINS SUBJECT TO SHAREHOLDER APPROVAL AND
FUNDING

Source text for Eikon:  ID:nNZW1RTVkD 
Further company coverage:  APL.NZ 

 ((Reuters.Briefs@thomsonreuters.com;))