The Agency continue delay of Top Level acquisition

The Agency continue delay of Top Level acquisition
The Agency continue delay of Top Level acquisition

The Agency have pushed back their voluntary suspension on the ASX possibly by another day.

The ASX-listed minnow initially advised on Tuesday, when they requested the voluntary suspension, that the acquisition of the ex-McGrath led Top Level Real Estate would be completed by 10 am today.

Their latest 10.04am update asked for the delay to Friday, unless they announce the finalisation earlier.

It has been suggested that insiders said all that all conditions precedent to the transaction occurring had been met and it would proceed.

The Agency went into a trading halt last Friday when the shares were trading at ¢14.

It's been delay after delay from The Agency, who initially took a 2017 option to acquire Top Level.

The Agency unveiled their business in January 2017.

The Agency recently lost inner west Sydney sales specialist Mark Bowis to Cobden & Hayson.

It also lost Tahnee Barnes, the high profile intern, who returned to recruitment.

Joel Robinson

Joel Robinson

Joel Robinson is a property journalist based in Sydney. Joel has been writing about the residential real estate market for the last five years, specializing in market trends and the economics and finance behind buying and selling real estate.

Tags: 
Mcgrath The Agency

Comments

Be the first one to comment on this article
What would you like to say about this project?