18th Dec 2012 07:00
Stadium Group Plc
("Stadium" of the "Company")
Sale of Hong Kong Property
Stadium Group Plc (AIM: SDM), a leading electronic technologies group, is pleased to announce that as anticipated it has completed the sale of its Hong Kong property. The property has been sold for a gross consideration of HK$41.4m (£3.3m), which after the repayment of mortgage commitments and fees will provide a net cash inflow to the Group of approximately HK$38.7m (£3.1m). The profit realised on the sale for the year ended 31 December 2012 is approximately HK$29.1m (£2.3m).
Enquiries:
Stadium Group plc | www.stadium-plc.com |
Stephen Phipson, Chief Executive Officer | Tel: 01429 852 500 or Mob: 07920 760 807 |
Joanne Estell
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Walbrook PR | Tel: 020 7933 8780 |
Paul McManus | [email protected] or Mob: 07980 541 893 |
Paul Cornelius | [email protected] or Mob: 07886 384 707 |
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N+1 Singer |
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Sandy Fraser | |
Richard Lindley | Tel: 0113 241 0181 or Mob: 07947 730 580 |
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