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.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.