CALGRO:  565   0 (0.00%)  21/04/2019 00:00

Calgro M3 Announces Dissolution Of Co & SA Corporate's Joint Initiative

March 18 (Reuters) - Calgro M3 Holdings Ltd:

* DISSOLUTION OF THE CALGRO M3 AND SA CORPORATE JOINT INITIATIVE AND WITHDRAWAL OF CALGRO M3 CAUTIONARY ANNOUNCEMENT

* AFHCO HAS BOUGHT CALGRO M3'S 49% INTEREST IN JV CO FOR PURCHASE CONSIDERATION OF R162 MILLION

* AFHCO OWNS 100% OF JV COMPANY AND BY EXTENSION HAS RETAINED JABULANI UNITS AND SOUTH HILLS MULTI-STOREY UNITS

* IN REGARDS TO JV CO SALE, PURCHASE CONSIDERATION WILL BE SETTLED IN CASH Source text for Eikon: Further company coverage:

2019-03-18 07:25:20

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