March 17, 2020 / 8:38 PM / 16 days ago

BRIEF-Asset Plus To Withdraw $100 MLN Rights Issue

March 18 (Reuters) - Asset Plus Ltd:

* DUE TO CURRENT VOLATILITY AND CURRENT TRADING PRICE OF ASSET PLUS SHARES, BOARD HAS DECIDED TO WITHDRAW $100 MILLION RIGHTS ISSUE

* INTENDS TO MEET WITH AUCKLAND COUNCIL TO DISCUSS A POTENTIAL EXTENSION TO FUNDING AND SHAREHOLDER APPROVAL CONDITION SATISFACTION DATE

* DEAL TO DEVELOP AND LEASE PROPOSED DEVELOPMENT AT ALBANY IS STILL IN PLACE REMAINS SUBJECT TO SHAREHOLDER APPROVAL AND FUNDING Source text for Eikon: Further company coverage:

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