Brief: Hipages Group Holdings Says Agreed To Divest Proptech Labs Stake For A$8.4 Mln

Hipages group

26/10/2023 02:29

Oct 26 (Reuters) - Hipages Group Holdings Ltd  HPG.AX :
    * AGREES TO DIVEST PROPTECH LABS STAKE FOR $A8.4M
    * REAFFIRMS FCF POSITIVE TARGET FOR FY24
    * ANNOUNCES AGREEMENT TO DIVEST ITS 19.5% STAKE IN PROPTECH
LABS
    * ON COMPLETION OF SALE, CO WILL REALISE A 30.9% OVERALL
PRE-TAX
RETURN ON ITS ORIGINAL INVESTMENT OF A$6.25M

Source text for Eikon:  ID:nASXXGppY 
Further company coverage:  HPG.AX 

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