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FINWIRES

Reef Casino Trust Receives Takeover Bid From Iris Cairns Property

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Reef Casino Trust (ASX:RCT) said Iris Cairns Property has lodged an unconditional bid to acquire all the company units it does not already own or control at AU$4.67 per unit, according to a Friday Australian bourse filing.

Iris currently owns an 85.77% stake in the company, per the filing.

Reef Corporate Services' independent board committee and its advisers will review the bidder's statement and respond in a target's statement, which will include an independent expert's report, the filing said.

What else is happening in Asia?

Asia

Beijing Compass Technology Development Seeks Up to 500 Million Yuan in Bank Credit Lines

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SHE:300803
Asia

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SGX:DRX
Asia

South Korean President, Trump Discuss Warships Construction

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