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IN BRIEF: Cambium Global Timberland Inks Two Contracts To Sell Farm

8th Dec 2020 19:35

Cambium Global Timberland Ltd - plantation forest owner - Signs two agreements for the sale of the land of Forquilha farm in Minas Gerais, Brazil.

First contract is at a value of BRL3.5 million, around GBP498,519, while the second contract is worth BRL15.4 million.

Following the sale, Cambium's sole remaining investment property will be its claim on the Lizarda property in Tocantins, which is valued at nothing in the company's accounts.

Current stock price: 6.00 pence

Year-to-date change: udown 52%

By Dayo Laniyan; [email protected]

Copyright 2020 Alliance News Limited. All Rights Reserved.


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