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Elanor Investors Group ( (AU:ENN) ) has issued an announcement.
Elanor Investors Group announced that it has received an ASX waiver regarding its proposed recapitalization plan with Rockworth Capital Partners. This plan involves a significant investment of up to A$125 million to stabilize Elanor’s balance sheet and reduce its gearing. The waiver allows Elanor more flexibility in issuing securities as part of this recapitalization, accommodating regulatory approval timelines. This strategic move is expected to strengthen Elanor’s financial position and enhance its market competitiveness.
More about Elanor Investors Group
Elanor Investors Group is a real estate investment and funds management group with operations in Australia and New Zealand. The company focuses on commercial office, retail, industrial, and healthcare sectors, with a track record of acquiring and enhancing real estate assets for income and capital growth.
Technical Sentiment Signal: Sell
Current Market Cap: A$121.7M
For an in-depth examination of ENN stock, go to TipRanks’ Overview page.