BRIEF-Indluplace Properties says in negotiations for 1.4 bln rand property deal

  • Reuters
  • Stock Market News
BRIEF-Indluplace Properties says in negotiations for 1.4 bln rand property deal
Credit: © Reuters.

June 12 (Reuters) - Indluplace Properties Ltd ILUJ.J :

* Entered into negotiations which could lead to acquisition of residential properties for a purchase consideration of c.1.4 bln rand

* Residential portfolio consists of c.2900 residential units located in Gauteng (96 pct), with remainder in Kwazulu-Natal (4 pct)

* Shareholders are advised to exercise caution when dealing in company's securities until further announcement Source text for Eikon: Further company coverage: ILUJ.J

(Bengaluru Newsroom)

Drop an image here or Supported formats: *.jpg, *.png, *.gif up to 5mb

Error: File type not supported

Drop an image here or

100