Haldane McCall Plc
Haldane McCall Plc: Haldane McCall PLC announces disposal of Johnson Products of Nigeria
Haldane McCall Plc / Key word(s): Disposal/Strategic Company Decision 21.03.2012 / 11:00 --------------------------------------------------------------------- Press Release 21.3.2012 Haldane McCall PLC announces disposal of Johnson Products of Nigeria Haldane McCall PLC announced today its intention to divest its manufacturing holding. Following a recent board review in Lagos on its investments in Johnson Products of Nigeria, the board has decided to divest 100% its investment in manufacturing. The Group will now focus in the following business areas. 1. Hotels 2. Real estates 3. Financial services The cash inflow from the sales of Johnson products of Nigeria will be invested in core business areas. We will provide regular market updates. The market is adviced to exercise caution when dealing in Haldane McCall PLC stock while the divestment is on-going. ABOUT HMK Haldane McCall PLC is a European Company investing in emerging markets, primarily in Africa. HMK invests in real estate in the low cost housing segment in West Africa. The Group operates the Best Western hotel brand in West Africa. The Company owns Best Western hotels. HMK operates own Suru Express hotels in West Africa. HMK has dedicated subsidiaries for real estate (Suru Homes Ltd.) and dedicated financial services (Independent Prolific Micro Finance Bank Ltd.) to provide a full package -from financing to sale- to the lower income population in Africa. In addition HMK invests in real estate and hotels in selected European metropolises. 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, and other risks detailed from time to time. End of Corporate News --------------------------------------------------------------------- 21.03.2012 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 --------------------------------------------------------------------- 161549 21.03.2012
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