Company news: 360 Capital Takeover of Asia Pacific Data Centres
360 Capital has made positive progress in relation to its takeover offer for the Asia Pacific Data Centre REIT (APDC) . This week it received acceptances from over 50% of securityholders. This means that 360 Capital is the majority securityholder of APDC, and it has automatically triggered (under the Corporations Act 2001) an automatic extension of the offer period. As of this morning 360 Capital had received acceptances from almost 63% of securityholders.
First Samuel's clients with a property allocation will shortly see a debt investment in their portfolios - issued by 360 Capital, which will assist 360 Capital fund this acquisition and provide clients a good income return.