AECI concludes R1.06bn sale of property to Chinese syndicate

World News: 14:39 GMT Thursday 20th March 2014. [Engineering News via SPi World News]

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• AECI concludes R1.06bn sale of property to Chinese syndicate

Chemicals group AECI has completed the transfer of its surplus property at Modderfontein, in Gauteng, and its property development business to Chinese diversified property company Shanghai Zendai Property for R1.06-billion in cash. The transaction involved the acquisition of about 1 600 ha of land and the buildings thereon, as well as property development business Heartland Properties and investment holding company AECI Real Estate.

Read More: http://www.engineeringnews.co.za/article/aeci-concludes-r106bn-sale-of-property-to-chinese-syndicate-2014-03-20

Published: 2014-03-20T14:39:00.

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