BRIEF-York Timber Holdings Enters Into Sale agreement With Sappi Southern Africa

  • Reuters
  • Stock Market News
BRIEF-York Timber Holdings Enters Into Sale agreement With Sappi Southern Africa
Credit: © Reuters.

April 2 (Reuters) - York Timber Holdings Ltd YRKJ.J :

* JSE: YRK - DISPOSAL BY YORK OF AN OUTLIER PLANTATION

* YORK TIMBER HOLDINGS LTD - PROPOSED DEAL FOR CASH CONSIDERATION OF R54 MILLION

* YORK TIMBER -ENTERED INTO SALE AGREEMENT WITH SAPPI SOUTHERN AFRICA, CO AGREED TO DISPOSE OF BUSINESS OF COMMERCIAL FORESTRY, AS A GOING CONCERN

* YORK TIMBER HOLDINGS - SALE OF IMMOVABLE PROPERTY WILL NOT IMPACT SUSTAINABLE RAW MATERIAL SUPPLY TO YORK'S PROCESSING PLANTS.

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