Property and funds management group, 360 Capital Group (ASX:TGP) informed the market it now has 58.6 per cent voting power of its takeover target Asia Pacific Data Centre Group (APDC) (ASX:AJD).
It comes as 360 Capital Group increased its substantial holding in the APDC (to 58.6 per cent).
As a result 360 Capital’s target offer of the keenly eyed APDC will now close on 20 November 2017 at 7pm unless extended.
All this follows the Australian Government takeover’s panel quashing NEXTDC’s (ASX:NXT) application to review the takeover tussle.
Shares in Asia Pacific Data Centre Group (ASX:AJD) are trading about 1.3 per cent lower at $1.93.