5th Mar 2019 10:24
LONDON (Alliance News) - Challenger Acquisitions Ltd on Tuesday said it has received USD51,875 following the sale of its stake in a wheel in Dallas, Texas, back to the developers.
This is the second of six scheduled payments, totalling USD300,000.
The stock was trading 82% higher on Tuesday at 0.15 pence a share.
In addition the company, which invests in the leisure and entertainment sectors, has appointed former Rudolf Wolff Ltd Director George Lucan as a non-executive director, effective immediately
Challenger said Lucan has over thirty years of experience in equity and debt markets. He began his career at Dresdner Kleinwort Benson where he spent ten years, mainly within the structured finance team, and continued in alternative fund management, most recently with Rudolf Wolff Ltd.
"We are very excited and keen to welcome George to our board of directors," said Chief Executive Mark Gustafson.
"In addition, the monthly funds we receive from the disposition of the Dallas project continue to improve our balance sheet," Gustafson added.
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