*Disclaimer

AQUIS ENTERTAINMENT LIMITED (ASX: AQS)

🔗 📄 📈

AQS: Sale of Aquis proposed distribution of sale proceeds.

AQUIS ENTERTAINMENT LIMITED

2023-03-31 17:16:00

AQS: Completion of Aquis Canberra sale and change of Directors

AQUIS ENTERTAINMENT LIMITED

  1. Aquis Entertainment Limited (Aquis) sold its wholly owned subsidiary, Aquis Canberra Pty Ltd, to Iris CC Holdings Pty Ltd (Iris).
  2. The purchase price for Aquis Canberra was $60,500,000 with an additional $2.5 million of cash being held in escrow and released to Aquis in 9 months from completion.
  3. The loan owing by Aquis to its majority shareholder, Aquis Canberra Holdings (Aus) Pty Ltd (ACH), became repayable on request.

2023-01-03 08:29:00