Brief: Event Hospitality And Entertainment Provides Divestment And Cinestar Update

EVT

23/07/2021 02:25

July 23 (Reuters) - Event Hospitality and Entertainment Ltd
 EVT.AX :
    * PROGRESS ON DIVESTMENT STRATEGY AND CINESTAR UPDATE
    * PROGRESS MADE WITH STRATEGY TO DIVEST NON-CORE PROPERTY
ASSETS,
REALISING A$79.6 MILLION OF GROSS PROCEEDS
    * TOTAL GROSS PROCEEDS EXCEEDED MOST RECENT VALUATIONS BY
A$29.8
MILLION, A 60% INCREASE
    * FURTHER NON-CORE PROPERTIES IDENTIFIED, BEING PREPARED FOR
SALE
IN FY22 TARGETING IN EXCESS OF A$150 MILLION

Source text for Eikon:  ID:nASXc111Ss 
Further company coverage:  EVT.AX 

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