FKP considers its options

Company News

FKP Property Group (ASX:FKP) says it will continue to explore its options for a demerger of its retirement business and consider changing its name, according to media reports.
 
Chief executive officer Geoff Grady reportedly previously told a staff meeting that plans to demerge its retirement business had been scrapped.
 
He then reportedly backtracked after a video of the meeting was posted online. 
 
Mr Grady also reportedly said in the video that shareholders would vote on whether to change the company's name to Aveo Group at its annual meeting.
 
FKP delivered a net loss of $39.7 million in the first half of fiscal 2013. 

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