Peach Property Group AG ( (CH:PEAN) ) has issued an announcement.
Peach Property Group AG has announced proposals for its upcoming Annual General Meeting, including the re-election of most of its Board of Directors and the introduction of Alexander Hesse as a new member. The company also plans a cash capital increase by issuing up to 10,000,000 new shares, aimed at refinancing unsecured liabilities and reducing overall debt. These strategic moves are expected to enhance the company’s financial structure and ensure continuity in its leadership, potentially strengthening its position in the real estate market.
More about Peach Property Group AG
Peach Property Group AG is a real estate investor specializing in residential properties in Germany, with a focus on high-yield properties in Tier II cities near major metropolitan areas. The company is known for its innovative solutions, strong partnerships, and a comprehensive value chain that includes site evaluation, acquisition, asset management, and property sales. Additionally, Peach Property Group is involved in developing properties in Switzerland for condominium sales.
Technical Sentiment Signal: Buy
Current Market Cap: €188.3M
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