OCV octaviar limited

I understand the Kooralbyn Resort has been sold to the owner of...

  1. 1,717 Posts.
    lightbulb Created with Sketch. 9
    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?
 
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.