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Raptis Group Limited (ASX:RPG)
ALERT: Price-sensitive ASX Announcement for RPG
Current share price for RPG : $0.096 -0.019 (-16.52%)+
Announcement
Release
21 Aug 2025 3:13PM
Price at Release
$0.115
Full Release
Summary
On 28 May 2024, Raptis Group Limited (RPG) provided an update regarding its fee income, specifically relating to the Riviera project. RPG confirmed that it has now received a payment of $2,500,000 for non-refundable fees as part of a joint venture agreement with Polycell Holdings Pty Ltd. This payment is in accordance with the executed joint venture agreement announced previously on 8 March 2024. The company stated that the payment strengthens RPG's balance sheet and that further updates regarding the project and its financial implications will be provided as the development progresses.
Key Points
- Raptis Group Limited (RPG) provided a fee income update on 28 May 2024.
- A non-refundable fee of $2,500,000 has been received from Polycell Holdings Pty Ltd.
- This payment is part of a joint venture agreement for the Riviera project.
- The joint venture agreement was previously announced on 8 March 2024.
- The payment strengthens RPG's balance sheet.
- Further updates on the project and its financial implications will be provided as development continues.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.
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