17th Mar 2014 10:37
LONDON (Alliance News) - South African Property Opportunities PLC Monday said it has received ZAR106 million it was owed from the sale of its property in Sandton, Johannesburg.
The Sandton site was operated by South African Property Opportunities' asset, Wedgewood, which was sold last year.
"Having now received all of the proceeds from the Sandton sale, the board expects to be able to announce a distribution in conjunction with the release of the company's results at the end of this month," the firm said.
The stock last trading at 40.05 pence in February.
By Anthony Tshibangu; [email protected]; @AnthonyAllNews
Copyright © 2014 Alliance News Limited. All Rights Reserved.
Related Shares:
South African Property Opportunities