FKP Property still mulling demerger: report

Property group still considering demerger, name change despite earlier denials.

FKP Property Group Ltd says it will keep exploring options for a demerger of its retirement business and consider changing its name, The Australian reports.

According to the newspaper, chief executive officer Geoff Grady had previously told a staff meeting that plans to demerge its retirement business had been scrapped.

He then backtracked after video of the meeting was posted online. 

Mr Grady also said in the video that shareholders would vote on whether to change the company's name to Aveo Group at its annual meeting, The Australian reports.