Green Flash reports loss of EUR357,951
2016-02-16 · Industrial Developments news
Green Flash Properties (GRP) reported a loss of EUR357‚951 for the quarter to December 31 2015‚ the property investment company said on Tuesday.
The company has its primary listing on the Stock Exchange of Mauritius (SEM) and a secondary listing on the AltX of the JSE.
The loss included EUR295‚891 representing fees associated with the structuring and listing services provided to the company in respect of its listing on the SEM and AltX‚ the company said.
During the quarter the company “successfully” raised R11.874m through a South African private placement. Green Flash placed 9‚765‚210 of its shares with Invited Investors under the South African private placement at an issue price payable in rand of about R1.22 per share‚ the company said.
No dividend has been declared.
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