MXA - Announcement 7/5/02

  1. 121 Posts.
    GDK Retirement Village M/ment & Financial Srvcs Assets Acq.
    7/5/02 7:58:27 PM


    HOMEX - Brisbane

    On the 11 April 2002 Maxe-tec's Board advised the ASX that the
    Company was continuing with all necessary documentation required to
    conclude the acquisition of the retirement village management and
    financial services assets of GDK Financial Solutions Pty Ltd (GDK),

    The Board also advised that Maxe-tec's financial advisors, Ernst &
    Young Corporate Finance Limited, were finalising their independent
    expert's report that is to be submitted with the notice convening the
    Extra Ordinary General meeting (EGM). Completion of this report and
    release of the notice of meeting material is imminent.

    The Board has no reason to believe that the remaining conditions
    precedent will not be able to be satisfied in the short term,
    allowing the acquisition of the GDK assets to be concluded an the
    basis of the approvals previously announced by the company.

    D Barwick
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