The competition between two listed rival property groups Vukile Property Fund (VKE) and Apexhi properties to get a lion's share of listed property group MICC Property Income Fund (MCP), (APE) remains tight and far from over.
There seems little chance of either the Vukile Property Fund or ApexHi Properties succeeding in their takeover bids for full control of the MICC Property Income Fund.
The past 18 months have seen a flurry of corporate activity in the listed property sector with property acquisitions, mergers and new listings invigorating the sector and commentators expecting this trend to continue in the medium term.
Listed property loan stock company Vukile Property Fund, which is in the middle of a bidding war with industry rival ApexHi, yesterday increased its offer for all the units of MICC Property Income Fund.
APEXHI"s FIRM INTENTION TO MAKE AN OFFER TO ACQUIRE THE ENTIRE ISSUED CAPITAL OF MICC PROPERTY INCOME FUND LIMITED ("MICC")

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