FINWIRES · TerminalLIVE
FINWIRES

Accent Group Receives Intention to Make Takeover Bid; Shares Up 7%

By

Accent Group (ASX:AX1) received an intention to make a takeover bid from Barrenjoey Markets, on behalf of Frasers Group, of all the company shares it does not already own at AU$0.65 per share, according to a Monday filing with the Australian bourse.

Barrenjoey will stand in the market on behalf of Frasers Group and accept target shares offered to it from Monday, and before the start of the offer period, the filing said.

The offer will officially be made from June 30 to July 30, unless extended by the bidder, per the filing.

Accent Group shares rose 7% in morning trade on Monday.

Related Articles

Asia

Asia Commercial Forecasts Rise in Full-Year Profit

Asia Commercial (HKG:0104) expects a net profit of at least HK$39 million for the year ended March 31, up from HK$24 million a year prior, according to a Friday Hong Kong bourse filing.The watch seller attributed the forecast to a reduction in fair value losses on investment properties.

$HKG:0104
Asia

Central Plains Environment Protection Subsidiary to Establish Clean Energy Supply Company

Central Plains Environment Protection (SHE:000544) wholly-owned subsidiary Zhengzhou Xinhong Reclaimed Water Resources Development and Utilization will invest 10 million yuan to establish a clean energy supply company.The newly-established company will utilize local reclaimed water, geothermal, and other resources, according to a Friday filing with the Shenzhen bourse.

$SHE:000544
Asia

OKG Technology Warns of Wider Fiscal-Year Loss

OKG Technology (HKG:1499) expects an attributable loss of at least HK$20 million for the year ended March 31, compared with HK$15.8 million a year prior, according to a Friday Hong Kong bourse filing.The construction engineering company attributed the forecast to a lower revenue from the foundation, building construction work, and ancillary services segment.

$HKG:1499