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Aveo Healthcare Limited (ASX:AEH) will leave the Australian Securities Exchange (ASX) next month after shareholders overwhelming voted in favour of the proposal.
The owner of retirement villages and residential aged care facilities was formerly known as Forest Place Group.
Aveo’s securities will be suspended at the close of trade on April 11 and removed from the official list on April 22, 2014.
Property investment company Aveo Group (ASX:AOG), formally known as FKP Property Group, holds an 85.6 per cent stake in Aveo Healthcare.
Following the delisting Aveo Group will continue to administer Aveo Healthcare’s portfolio of five retirement villages in south-east Queensland.
Shares in Aveo Healthcare fell 13.27 per cent following the announcement to close at $1.70.
Aveo Healthcare reported a net loss of $4.29 million in the first half of the 2014 financial year.
