Stock Trading Recommendations : Worldwide Yellow Pages unit finishes buy of 38,400 sq m arrive in NZ .

A SUBSIDIARY of Global Yellow Pages (GYP) has finished its procurement of a plot of freehold land in Queenstown, New Zealand. 

The distributer said in a Wednesday morning discharge that Remarkables Residences, a backhanded entirely possessed backup, had finished the buy of a 38,400 square meter plot of land situated at Eastern Access Road in Queenstown. The merchant is Queenstown Central Limited. 

Net continues of S$5.2 million through the arrangement of around 34.1 million new shares have been utilized for the buy. 

In May, the organization had said its backup had gone into an arrangement to purchase the land for NZ$19.2 million (S$19.1 million) and had expected to form it into private properties available to be purchased. 

Cheat had said in September that to support the Queenstown buy, two placees - Yong Yin Min, non-official chief of Pacific Radiance Ltd, and Thomas Riber Knudsen, CEO of Damco Asia - will subscribe for these new normal shares at an issue cost of S$0.154 per situation share.

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