The Motley Fool

The Astro Japan Property Group share price just rocketed 12%

The Astro Japan Property Group (ASX: AJA) share price has been one of the biggest movers on the market today.

In afternoon trade the property company’s shares are up 12% to $7.11.

What happened?

After the market closed yesterday Astro Japan announced an agreement to sell its property interests to funds managed by Blackstone Real Estate for a consideration of $7.18 per share.

If successful Astro Japan will be wound up and delisted from the Australian share market.

In addition to the proposed consideration, shareholders will also receive the half-year dividend of 21 cents per share which is payable at the end of August.

Furthermore, they will also receive distributions estimated to be 14 cents per share upon the successful wind up of the company. This is expected to be paid to shareholders in January.

You Rode the Blue Chip Bull Market, Now Get 2 New Share Picks Every Month

There's a fantastic way to get 2 new share picks aimed at beating the market every month.

And, not to alarm you, but you're about to miss a major event. You see, our trusted team of analysts and are about to release our very next "buy alert." If history is any guide, this is the perfect time to seize your financial future.

Simply click here to get started

Motley Fool contributor Motley Fool Staff has no position in any stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

NEW. Five Cheap and Good Stocks to Buy in 2019…

Our Motley Fool experts have just released a brand new FREE report, detailing 5 dirt cheap shares that you can buy today.

One stock is an Australian internet darling with a rock solid reputation and an exciting new business line that promises years (or even decades) of growth… while trading at an ultra-low price…

Another is a diversified conglomerate trading near a 52-week low all while offering a 2.8% fully franked yield…

Plus 3 more cheap bets that could position you to profit over the next 12 months!

See for yourself now. Simply click the link below to scoop up your FREE copy and discover all 5 shares. But you will want to hurry – this free report is available for a brief time only.

CLICK HERE FOR YOUR FREE REPORT!