Peach Property Group AG Approves Capital Increase and Board Elections

Peach Property Group AG ( (CH:PEAN) ) has provided an announcement.

Peach Property Group AG’s recent general meeting resulted in the approval of a capital increase through the issuance of 10,000,000 new shares, aimed at repaying maturing liabilities and enhancing the company’s balance sheet. Additionally, the board saw the re-election of several members and the election of Alexander Hesse, reflecting strong shareholder support for the company’s strategic direction.

The most recent analyst rating on (CH:PEAN) stock is a Hold with a CHF5.90 price target. To see the full list of analyst forecasts on Peach Property Group AG stock, see the CH:PEAN Stock Forecast page.

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 also develops select properties in Switzerland for sale as condominiums and emphasizes digitalization and sustainability in its operations.

Average Trading Volume: 30,914

Current Market Cap: CHF281.1M

See more insights into PEAN stock on TipRanks’ Stock Analysis page.