Wotso (ASX:WOT) has confirmed that the call option to sell its Yandina property in Queensland for AU$27 million has been exercised, according to a Wednesday filing with the Australian bourse.
Settlement is scheduled for Feb. 17, with net proceeds expected to be around AU$16.5 million, per the filing.
The company intends to use the proceeds to grow its property portfolio, focusing on assets that align with and support its operating business expansion, the filing added.