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Top Creation Investments Limited - TOPC Released 10:11 02-Dec-2014
Update on Investment Exit
RNS Number : 5961Y
Top Creation Investments Limited
02 December 2014
2 December 2014
Top CreaƟon Investments Limited ("TOPC" or the "Company") Update on Investment Exit
The Company announces that, further to the announcement on 4 November 2014, it has received the balance of the purchase price of RM7.0m (an iniƟal deposit of RM0.7m was paid at the Ɵme the agreement was signed) for the sale of Lot 129 on 2 December 2014.
The further RM7.7m, giving the aggregate consideraƟon of RM15.4m for the disposal and which is due in relaƟon to the development costs incurred has to be paid within three months of 1 October 2014, being the date on which the agreement became uncondiƟonal. The Company expects to receive these funds within this deadline.
For further informaƟon, please contact
Top CreaƟon investments Limited
Wong Yu Sun, Finance Director.
This information is provided by RNS
The company news service from the London Stock Exchange
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Update on Investment Exit - RNS
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