- Emergia’s (EMER) M. Yves Séguin will step down from his current position as director and chairman of the Board due to professional reasons
- The Board of Directors of Emergia has appointed Henri Petit as the chairman of the Board
- Prior news that was released from Emergia was on January 29 of this year
- Emergia entered into a binding agreement to purchase a land of approximately 100 acres in Alliston, Ontario, for C$15.7 million
- Emergia (EMER) is currently in the grey as of February 5 and is trading at C$1.15
Emergia’s (EMER) M. Yves Séguin will step down from his current position as director and chairman of the Board due to professional reasons.
The Board of Directors of the Corporation has appointed Henri Petit–who had been serving as Chief Executive Officer since the end of 2018–as the chairman of the Board.
“On behalf of the Board of Directors, I would like to thank Yves Séguin for his contribution as director and chairman of the Board. We wish him all the best in his new functions,” mentioned Henri Petit, President and Chief Executive Officer of Emergia.
The last news that was released from Emergia was on January 29 of this year.
On this day, Emergia entered into a binding agreement to purchase land of approximately 100 acres in Alliston, Ontario, for C$15.7 million.
The closing of this is expected to occur in Q1, 2021 and is subject to customary conditions.
During this year, the zoning of the land is expected to change. Emergia intends to sell part of the land to single-family residences (around 70 acres).
The remainder of the land is supposed to be developed by Emergia in five hundred multi-residential units and a services strip shopping centre of 50 thousand to 60 thousand square feet.
Emergia operates mainly in Canada to develop, acquire, and manage multi-purpose real estate, including retail, multi-residential, industrial, and office buildings and land for future development.
The Corporation’s investment platform is based on an integrated, agile and efficient develop-to-own strategy that enables Emergia to benefit from development profits and the value-add while securing stable long-term returns.
Emergia (EMER) is currently in the grey as of February 5 and is trading at C$1.15.
