Dealt Limited (ASX:DET) agreed to acquire AMF Finance Pty Limited from 360 Capital Group Limited (ASX:TGP) and 360 Capital REIT (ASX:TOT) for AUD 3 million on November 25, 2020. Pre-acquisition, 360 Capital Group holds 50% stake and 360 Capital REIT holds 50% stake in AMF Finance Pty Limited. Post completion of acquisition, Velocity Property Group holds 100% stake in AMF Finance Pty Limited.

As of March 19, 2021, Dealt Limited lodged a Prospectus & PDS for a capital raising of a minimum of AUD 28.4 million up to a maximum of AUD 93.4 million at AUD 0.50 per share. Subject to the completion of the capital raising, Dealt Limited will acquire AMF Finance. The transaction is subject to shareholder approval of Velocity Property Group.

On December 23, 2020, Dealt Limited shareholders approved the acquisition of AMF Finance subject to completion of the proposed capital raising.