- BackstageTop contributor
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Join date : 2014-02-24
Cargo Boat ‘unloads’ Colombo 2 property
Cargo Boat ‘unloads’ Colombo 2 property
Ada Biz Admin
Top News
April 11th, 2014
Cargo Boat Development Company PLC sold its share of the property at No. 29, Braybrook Street, Colombo 2 to Renuka Land (Pvt) Ltd. for a sum of Rs. 107,200,000 on 10 April 2014.
- Antonym
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Join date : 2014-03-01
Age : 61
Re: Cargo Boat ‘unloads’ Colombo 2 property
I'm guessing that the sales proceeds will be reinvested in shares of listed companies.Backstage wrote:
Cargo Boat Development Company PLC sold its share of the property at No. 29, Braybrook Street, Colombo 2 to Renuka Land (Pvt) Ltd. for a sum of Rs. 107,200,000 on 10 April 2014.
This Braybrook Street property was valued at Rs 84.108 million in CABO's March 2013 financial statements. Therefore, the addition to net assets per share due to the sale is Rs 2.27.