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Redefine plans R500m cash call

Jul 03 2012 13:44
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Company Data


Last traded 12
Change 0
% Change 0
Cumulative volume 2117633
Market cap 0

Last Updated: 09-10-2015 at 12:31. Prices are delayed by 15 minutes. Source: McGregor BFA

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Johannesburg – Redefine Properties [JSE:RDF] said on Tuesday it planned to raise R500m by issuing new Redefine-linked units to SA institutional investors.

The proceeds will be used to acquire property and reduce debt‚ the property fund said.

Redefine shares fell 1.73% at R8.50.

redefine properties


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With infrastructure spending having been identified as one of the key focus areas of the National Development Plan, tradesmen will continue to play a critical role in growing the South African economy through their skills.

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