I understand the Kooralbyn Resort has been sold to the owner of Yong Real Estate for approx $6.5million and settlement is due Feb 2014. Can you please confirm this and also if the outstanding rates on the KR of approx. $1mill were paid from the $3.74 million which was transferred to ARL as a provision for outstanding rates, land tax, water charges and associated costs relating to the loans which were assigned to ARL by WCL? Also can Pif investors expect to see a return of capital from this sale, when and how much?
OCV
octaviar limited
I understand the Kooralbyn Resort has been sold to the owner of...
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