LDR Capital Property Fund (ASX:LED) agreed to sell its 34 Corporate Drive asset in Cannon Hill, Queensland, for AU$24.8 million, according to a Tuesday filing with the Australian bourse.
The asset is being sold to Aequitas Group at a 4.6% discount to book value, the filing said.
Settlement expected to take place on June 15, with proceeds to be used to repay debt, per the filing.
LDR Capital Property Fund shares rose 6% in morning trade on Tuesday.
Tai Tung Communication (TPE:8011) said the Taiwan Taipei District Prosecutors' Office has indicted Chairman Lee Ching-Huang on a charge of perjury, according to a Monday exchange filing.The fiber-optic cable manufacturer said the case is a personal matter involving the chairman and is unrelated to the company's operations or financial affairs, adding that it expects no material impact on its business or financial position.Lee will engage legal counsel to handle the matter in accordance with applicable law, the filing said.
Unico Silver (ASX:USL) said it will begin trading on the OTCQX Best Market in the US under ticker "USLRF," following an upgrade from OTCQB to improve visibility and access to North American investors, according to a Tuesday Australian bourse filing.The company's primary listing on the Australian Securities Exchange remains unchanged, and the OTCQX quotation does not involve the issuance of new shares or affect existing shareholders, the filing added.
Legacy Minerals Holdings (ASX:LGM) struck a binding earn-in and farm-in agreement with Aurelia Metals (ASX:AMI) unit Peak Gold Mines covering Legacy's Cobar project in New South Wales, according to a Tuesday filing with the Australian bourse.Under the first stage of the agreement, Aurelia can earn a 51% interest by funding AU$500,000 worth of exploration within two years. Under stage two, Aurelia is set to earn a further 39% interest by funding an additional AU$1.5 million of exploration within five years.Once the second stage is complete, Legacy Minerals will retain ongoing exposure to the project through either a 10% joint venture participating interest or a net smelter return royalty on gold and base metals, the company said.Shares of Legacy Minerals fell nearly 4% in recent Tuesday trade, while Aurelia Metals was about 3% lower.