Haldane McCall Plc
Haldane McCall Plc: Haldane McCall PLC commenced the construction of 1,000 units of Low cost homes
Haldane McCall Plc / Key word(s): Product Launch/Miscellaneous 03.03.2012 / 11:20 --------------------------------------------------------------------- Press Release Lagos, March 3 2012 Ticker Symbol: HMK Haldane McCall PLC commenced the construction of 1,000 units of Low cost homes Haldane McCall PLC subsidiary Suru Homes Limited today confirms it has commenced the construction of 1,000 units of low cost homes in support of Lagos State Government housing needs in Nigeria. The total projects sum is Euro 23.5million. The projects will span 18 months and will be carried out in 10 phases. The projects location is Ikorodu, Lagos, Nigeria. Each will be sold for Euro 47k and will be offered with a 40% mortgage to buyer. The mortgage will be provided by Nigerian Banks to buyers. All the 100 homes in phase one have been 100% presold. The Nigerian Government estimated that it has a shortage of 16million new home. Haldane McCall PLC owns and operates among others, the Best Western Hotel Brand in Nigeria, Suru Express Hotels in West Africa , Johnson Product of Nigeria , Suru Homes Limited and Independent Prolific Micro Finance Bank. Please send enquiries to: info@haldanemccallplc.com or Visit our website: www. haldanemccallplc.com Safe Harbor Statement; The statements contained herein are forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward- looking statements, including, but not limited to, certain delays beyond the company's control with respect to market acceptance of new technologies or products, delays in testing and evaluation of products End of Corporate News --------------------------------------------------------------------- 03.03.2012 Dissemination of a Corporate News, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------- 159221 03.03.2012
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