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]
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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