21st Sep 2015 11:48
LONDON (Alliance News) - Eastern Europe-focused residential property developer Kimberly Enterprises NV on Monday said it has sold two plots of land in Canada for CAD20.2 million.
The plots are indirectly owned by Montreal Residential Holdings Master LP, in which Kimberly holds a 20% stake over future distributions.
Kimberly will get 20% of the net proceeds from the sale, totalling around CAD3.7 million, it said.
Shares in Kimberly were untraded on Monday, having last traded at 0.131 pence.
By Sam Unsted; [email protected]; @SamUAtAlliance
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