CNP

Centro Properties Group (CNP)

Stock Code

CNP

Stock Exchange

ax

Centro Properties Group (CNP) is a public company engaged in the operations of the Centro Property Trust and other entities of the company which are engaged in property management, property investment, funds management and property development. CNP was listed on the Australian Stock Exchange on the 14th of August, 1997. Its average annual revenue reaches approximately AUD$795 million. Its headquarters is located in Glen Waverley, Australia and to date; around 700 people are employed in the company.

Centro Retail Trust Holds a More Peaceful AGM


Centro Retail Group (CER) shareholders today faces a peaceful annual general meeting after a heated incident last week regarding the company's plan to merge with Centro Properties Group (CNP). Many shareholders were not very happy with the agreement that they will have to pay 5.03 per share if the amalgamation plan passes the court.

EGM and AGMs Line Up for Sharemarket Wednesday


There will be no floats and ex-dividends tomorrow, November 30, 2011. However, an Extraordinary General Meeting and many Annual General Meetings are scheduled on the same day.

Extraordinary General Meeting

Centro Starts Restructure with US Asset Sale


A bit of good news comes from recently chastised Centro Property Group (ASX:CNP) as it confirmed the sale of its US assets to private equity company Blackstone Group yesterday. The proceeds of the sale would be used for debt repayment.

The sale was necessary to keep the bankers away from the shopping centre titan, which had $16 billion in debt before selling its US assets. Chief executive Robert Tsenin spoke about the slow restructuring.

Court Says Centro Board Failed to See Errors


Centro Property Group (ASX:CNP) directors failed to see obvious mistakes in the company's financial reports, according to a ruling by federal court judge John Middleton yesterday. He said that "infinite knowledge or ability" was unnecessary to catch the multi-billion dollar slip.

Ruling on Centro Board Expected Today


Centro Property Group (ASX:CNP) directors are on the chopping block this morning as the Federal Court is expected to decide whether they should be held responsible for failing to do due diligence. The directors failed to disclose billions of dollars of short term debt on the company's 2006-07 financial reports.

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