Elanor Investors Group Acquisition Update
Key points
- Acquisition of Firmus Capital not proceeding as planned
- Rockworth to retain 17.9 million ENN securities
- Trading recommencement pending ASX approval
Full summary
Elanor Investors Group (ASX: ENN) announced that the acquisition of Firmus Capital, a Singapore-based real estate investment manager, will not proceed due to delays in obtaining regulatory approvals. Consequently, Rockworth Capital Partners will retain 17.9 million ENN securities. Additionally, the company has submitted to the ASX for the recommencement of trading in ENN securities, subject to meeting certain conditions.
Outlook
Elanor Investors Group will continue to work with Rockworth on future acquisition opportunities.
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