Elanor Investors Group (AU:ENN) has released an update.
Elanor Investors Group has voluntarily suspended trading of its securities to stabilize and review its financial position, including debt refinancing efforts with the help of Moelis Australia and advisory from Citigroup and King & Wood Mallesons. The company is divesting hotel assets to concentrate on core real estate sectors and has canceled its estimated distribution for the second half of 2024. Elanor assures no breach of financing arrangements and expects to provide a market update by September 6, 2024.
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