Snippets Corner: 02 February 2010 – CHC, ENE, VMG
January 31, 2010
Charter Hall Group (CHC) sold its 50% stake in 275 George Street in Brisbane to K-REIT Asia (Australia) Trust, for $166 million. CPOF will retain the remaining 50% stake in the office development. The group said co-developer Charter Hall Core Plus Office Fund would retain the remaining 50% stake in the office development alongside Singapore based real estate investment trust K-REIT Asia. Charter Hall said it would continue to undertake the management of the property.
Greenspark Power Holdings Limited increased its offer for all of Energy Development Limited’s (ENE) shares from $2.75 to $2.76 per share. The offer is subject to Greenspark acquiring a relevant interest in more than 90% of ENE’s share capital by the end of the offer period. Already with a 67.15% interest in ENE, Greenspark said the offer price is final. The offer if scheduled to close on 5 February 2010.
VDM Group Limited (VMG) announced the appointment of Ken Perry as its new CEO, The company said the former managing director of Brandrill would join VDM Group effective from today. VDM said Mr Perry would take over from acting CEO Jim Van Der Meer who will retain his position of executive director on the VDM board. In the last month the company said it has announced contract wins approaching $100 million in value and its order book at 31 December 2009 stood at $415 million. Meanwhile, Michael Perrot has been appointed deputy chairman.
Greenspark Power Holdings Limited increased its offer for all of Energy Development Limited’s (ENE) shares from $2.75 to $2.76 per share. The offer is subject to Greenspark acquiring a relevant interest in more than 90% of ENE’s share capital by the end of the offer period. Already with a 67.15% interest in ENE, Greenspark said the offer price is final. The offer if scheduled to close on 5 February 2010.
VDM Group Limited (VMG) announced the appointment of Ken Perry as its new CEO, The company said the former managing director of Brandrill would join VDM Group effective from today. VDM said Mr Perry would take over from acting CEO Jim Van Der Meer who will retain his position of executive director on the VDM board. In the last month the company said it has announced contract wins approaching $100 million in value and its order book at 31 December 2009 stood at $415 million. Meanwhile, Michael Perrot has been appointed deputy chairman.
Leave a Reply