Aveo parent, FKP, has gone to the share market to raise an extra $324 million to repay debt. Stockland has been sitting on 14.9% of FKP for 12 months, waiting for an opportunity to take over their aveo business. FKP offered the new securities at $0.40 each, an amazing 47% discount to the market price on Friday of $0.76, to ensure it got the $324 million it needs. Stockland had to pay out $48 million to prevent its shareholding being diluted. Stockland also holds 14.9% of Aevum.
Is the DMF model dead? Anglicare CEO Simon Miller says yes
After buying 50% of LDK Senior’s Living from Cromwell Property Group in November 2022, Anglicare CEO Simon Miller is going all in on private aged care. Speaking at the DCM Group’s Ask the Visionaries’ Anything breakfast forum at...