ASX:SEQ

2 stories mentioning ASX:SEQUpdated 38d ago

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Sequoia Financial Group Unit Terminates Proposed Sale of InterPrac to Conquest Investment Partners

Sequoia Financial Group's (ASX:SEQ) unit, Sequoia Wealth Group, terminated the share sale agreement with Conquest Investment Partners on Friday, and the proposed disposal of InterPrac Financial Planning to Conquest Investment Partners will not proceed, according to a same-day Australian bourse filing.Developments after the signing resulted in circumstances where completion cannot occur on terms consistent with those originally planned by the parties, per the filing.Under the changed circumstances, the Sequoia determined that it is not in the best interests of shareholders to proceed.

ASX:SEQ

Asia63d ago

Sequoia Financial Group Says ASX Will Not Require Shareholder Approval for InterPrac Disposal

Sequoia Financial Group (ASX:SEQ) received confirmation from the Australian Securities Exchange (ASX) that the regulator will not require it to obtain shareholder approval for the proposed disposal of InterPrac Financial Planning to Conquest Investment Partners, according to a Thursday Australian bourse filing.The company said ASX will not require it to re-comply with chapters 1 and 2 of the ASX listing rules or obtain shareholder approval under listing rules 11.1.2 or 11.2 in respect of the proposed transaction.Sequoia Financial Group's shares rose 1% in recent Thursday trade.

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