FKP Property Group has entered into a trading halt yesterday pending an announcement to the results of a strategic review.
FKP is reportedly seeking to raise $200 million, a week after its CEO Peter Brown announced his departure from the company.
This will be the third capital raising undertaken by FKP in four years, after raising $132 million in 2008 and $324 million in 2009. FKP has also sold over $800 million worth of assets during that period.
Property Review
