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Hotel Property Investments Ltd. ( (AU:HPI) ) has shared an update.
Charter Hall and Hostplus have acquired over 90% of Hotel Property Investments Ltd. (ASX: HPI) securities, triggering a potential compulsory acquisition process under the Corporations Act 2001. This acquisition means trading in HPI securities on the ASX may cease soon after the process begins. The HPI Board advises securityholders to accept the Bidder’s Offer of $3.752 per security before the offer closes on March 14, 2025, to realize their investment more quickly than through compulsory acquisition.
More about Hotel Property Investments Ltd.
Hotel Property Investments Limited operates in the real estate industry, focusing on the ownership and management of hotel properties across Australia. The company primarily deals with property investments and is listed on the Australian Securities Exchange.
Average Trading Volume: 598,375
Technical Sentiment Consensus Rating: Sell
Current Market Cap: A$736.1M
See more data about HPI stock on TipRanks’ Stock Analysis page.
