Great World Financial Group Holdings Pty Ltd made an offer to acquire Aims Property Securities Fund (ASX:APW) for AUD 55.6 million on June 23, 2022. Under the terms, cash offer price is AUD 1.25. Offer will remain open in 2022, unless extended or withdrawn. The offer period is from August 10, 2022, to September 12, 2022.

Clayton Utz acted as legal advisor to Great World Financial Group Holdings Pty Ltd. Boardroom Pty Limited and Boardroom Corporate & Advisory Services Pte. Ltd. acted as Registrar to Great World Financial Group Holdings Pty Ltd. Pricewaterhousecoopers Securities Limited, provided the fairness opinion to Aims Property Securities Fund.

Great World Financial Group Holdings Pty Ltd cancelled the acquisition of Aims Property Securities Fund (ASX:APW) on August 18, 2022. PricewaterhouseCoopers Securities Limited, the independent expert, is of the opinion that the Offer is neither fair nor reasonable to non-Associated Unitholders. The Independent Directors have considered the Independent Expert's opinion and recommend the shareholders to Reject the Offer from the Bidder.