This article is from the Australian Property Journal archive
LISTED homebuilder Simonds Group has entered into a trading halt yesterday pending an announcement on the proposed privatisation of the company.
Last month the Simonds and Roche family made a takeover offer of 40 cents per share to buy back fledgling homebuilder from investors for approximately $42 million.
It comes only 21 months ago the Simonds family pocketed $151 million from floating the business at $1.78 per share.
The Simonds and Roche family have proposed to delist Simonds Group with the families owning 51% and 49% respectively.
Australian Property Journal
