Opes Prime a step closer to Reco reverse takeover
Financial services group Opes Prime has moved one step closer to public listing by completing the next step in the reverse takeover of Reco Financial Services.
In a statement released today, Reco announced it has signed a share purchase agreement with Opes Prime, which will hold about 93.4 per cent of the issued scrip in Reco, which will have a name change to Opes Prime Group on completion of the deal.
After completing the acquisition, Reco’s existing shareholders will hold approximately 6.6 per cent of Reco.
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