Lend Lease - RPG: Cira International Pty Ltd - Receiver Appointed
2008-11-25 08:38:00+10:00
w i GROUP LIMITED 24 November, 2008 The Manager Company Announcements ASX Announcements Ofnce Sydney NSW 2000 Raptis Group Limited (ASX Code RPG) Cira International Pty Ltd - Receiver appointed. Lend Lease has issued similar announcements 50 times before, most recently about 0 minutes ago on Monday 24 November 2008. The announcement 'RPG: Cira International Pty Ltd - Receiver Appointed' was issued to the ASX on Tuesday 25 November 2008. [Notice Type: Other - not one of the above]
2008-11-25 08:38:00+10:00
w i GROUP LIMITED 24 November, 2008 The Manager Company Announcements ASX Announcements Ofnce Sydney NSW 2000 Raptis Group Limited (ASX Code RPG) Cira International Pty Ltd - Receiver appointed. Lend Lease has issued similar announcements 50 times before, most recently about 0 minutes ago on Monday 24 November 2008. The announcement 'RPG: Cira International Pty Ltd - Receiver Appointed' was issued to the ASX on Tuesday 25 November 2008. [Notice Type: Other - not one of the above]
RPG: Cira International Pty Ltd - Receiver Appointed
Tuesday 25 Nov 2008
w i GROUP LIMITED
24 November, 2008
The Manager
Company Announcements
ASX Announcements Ofnce
Sydney NSW 2000
Raptis Group Limited (ASX Code RPG)
Cira International Pty Ltd - Receiver appointed.
Raptis Group Limited (Raptis) has been advised by Cira International Pty Ltd (Cira), an equity
accounted associate company of Raptis comprising a joint venture with CP1 Limited (CP1),
that on 21 November 2008 Lend Lease Limited (Lend Lease) appointed John Greig and
Nicholas Harwood of Deloitte (Receivers) as joint and several receivers in respect of a parcel
of land owned by Cira.
This parcel of land is the site immediately to the north of the Gold Coast International Hotel
(Land). Cira has advised that as a result of the recent marketing campaign there are a
number of current offers to purchase the Land. If a current offer were accepted by the
Receivers, Cira advises that there would be sufficient funds to discharge the indebtedness to
Lend Lease in full. It is anticipated that the Receivers will achieve a sale based on the current
offers.
Raptis and CP1 have provided a guarantee to Lend Lease in respect of the principal debt plus
interest owed by Cira to Lend Lease. To date Lend Lease has not placed a demand on Raptis
in relation to this guarantee.
Yours faithfully
Raptis Group Limited
Malcolm Cory
Company Secretaw
Chevron Renaissance P0 Box 25 T: (07) 5570 8000
Level 39 Skyline Central Surfers Paradise F: (07) 5538 0010
23 Ferny Avenue ~ Oueensland, 4217 www.rnptisgrnup.cnm.au
Surfers Paradise Australia nm uurvmasr
Tuesday 25 Nov 2008
w i GROUP LIMITED
24 November, 2008
The Manager
Company Announcements
ASX Announcements Ofnce
Sydney NSW 2000
Raptis Group Limited (ASX Code RPG)
Cira International Pty Ltd - Receiver appointed.
Raptis Group Limited (Raptis) has been advised by Cira International Pty Ltd (Cira), an equity
accounted associate company of Raptis comprising a joint venture with CP1 Limited (CP1),
that on 21 November 2008 Lend Lease Limited (Lend Lease) appointed John Greig and
Nicholas Harwood of Deloitte (Receivers) as joint and several receivers in respect of a parcel
of land owned by Cira.
This parcel of land is the site immediately to the north of the Gold Coast International Hotel
(Land). Cira has advised that as a result of the recent marketing campaign there are a
number of current offers to purchase the Land. If a current offer were accepted by the
Receivers, Cira advises that there would be sufficient funds to discharge the indebtedness to
Lend Lease in full. It is anticipated that the Receivers will achieve a sale based on the current
offers.
Raptis and CP1 have provided a guarantee to Lend Lease in respect of the principal debt plus
interest owed by Cira to Lend Lease. To date Lend Lease has not placed a demand on Raptis
in relation to this guarantee.
Yours faithfully
Raptis Group Limited
Malcolm Cory
Company Secretaw
Chevron Renaissance P0 Box 25 T: (07) 5570 8000
Level 39 Skyline Central Surfers Paradise F: (07) 5538 0010
23 Ferny Avenue ~ Oueensland, 4217 www.rnptisgrnup.cnm.au
Surfers Paradise Australia nm uurvmasr
