Source: Pexels
  • Shareholders voted 93.38% for removal from the ASX this morning.
  • This follows Monday's extension of offer period for off-market takeover.
  • RNY Property Trust is a Sydney based company investing in the New York Tri-State area.

Sydney based real estate firm RNY has been removed from the official ASX list.

The move follows this morning’s general meeting as announced by Huntley Management Limited to the ASX.

Only one resolution was presented to the meeting, with 93.38% voting in favour of the delisting, 6.60% against, and 0.02% abstaining.

Source: Pexels

This follows an extended period of trading at less than one cent per share, with Huntley planning back in September last year to conduct a non-renounceable entitlement offer to raise to $2.89 million.

Since then, investment firm Keybridge Capital mounted a takeover bid, last Monday announcing to the ASX that it had extended the offer period for the takeover to 18 February 2021.

RNY suspended trading as of April 2019, Aurora Funds Management stating it was:

“…due to delays experienced in finalising its audited financial statements for the year ended 31 December 2018 and half year ended 30 June 2019, followed by the Audit Disclaimer Opinion issued in relation to the year ended 31 December 2019.”


Before making any investment decisions, please do your own independent research, taking into account your own situation. This article does not purport to provide financial or investment advice. See our Terms of Use.

You May Also Like

New laws attract overseas investors for build-to-rent housing

Laws lowered to incentivise foreign build-to-rent deals, growing Australia’s rental stock.

Japanese capital dominates Australian property investment

Japanese investment surged to over $2 billion as top Australia offshore buyers in 2023.

Australian property investing: Know when to hold them, know when to fold them

There are a wide range of factors to consider.

ATO to crack down on property investors through data-matching

Nine in ten rental property owners are getting their tax returns wrong

Top Articles

PropertyGuru Asia Property Awards (Australia) returns for its 7th edition, including several brand new award ...

This year's awards include several brand new categories, with entries closing 2 August 2024.

Thinking of borrowing for a new home? We decode the home loan lingo and explore ...

We take a look at everything from principal and interest to rates and more.

A window of opportunity could be open for savvy Australian property investors, but time is ...

One expert has noticed investors are on the move while there's less competition and fewer buyers in the marketplace.