Sun Holdings GC Pty Ltd. made an offer to acquire Sunland Group Limited for AUD 6.8 million on July 2, 2024. Under the Offer, Sunland shareholders will receive total consideration of AUD 0.052 for each Sunland share. The transaction is subject to a 90% minimum acceptance condition, other customary conditions and no material adverse change, no prescribed occurrences, no regulatory action or material acquisitions, amongst other conditions.

The offer has been approved unanimously by the Sunland?s directors. The offer is expected to close on September 2, 2024. Ernst & Young Strategy and Transactions Limited acted as financial advisor for Sunland Group Limited.

Holding Redlich acted as legal advisor for Sunland Group Limited. Mills Oakley Lawyers Pty Ltd. acted as legal advisor for Sun Holdings GC Pty Ltd. and Homecorp.