Duxton Farms (ASX:DBF) has completed the sale of its "Merriment" property to a private buyer for AU$5.1 million, together with 534.7 hectares of land and 828 megaliters of water entitlements, according to a Tuesday Australian bourse filing.
The company intends to reinvest the proceeds into its post-merger portfolio while redirecting capital from broadacre farming properties toward opportunities projected to generate higher returns, the filing added.