Kimberly Enterprises Share News (KBE)

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Kimberly Enterprises sells Canadian land plots

Mon, 21st Sep 2015 13:41

(ShareCast News) - AIM-listed residential property developer Kimberly Enterprises has reached an agreement to sell two plots of land in Canada for a total cash consideration of CAD$20.2m.The properties are hold indirectly by Montreal Residential Holdings Master Limited Partnership (MLP), in which Kimberly has a 20% interest in future distributions.Kimberly said it will get 20% of the net cash proceeds from the disposals, which amounts to around CAD3.74m or €2.5m.The company said that based on prior agreements with Engel Resources and Development (ERD), all net proceeds generated from its assets in Canada will be used to repay part of the group's outstanding debts to ERD, which stood at €24.6m as at 30 June 2015.Shares in Kimberly Enterprises were untraded on Monday.

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21 Sep 2015 11:48

Kimberly Enterprises To Get Proceeds From Canadian Land Sales

17 Aug 2015 14:47

Kimberly Enterprises posts slightly wider first-half loss, casts doubt over future

(ShareCast News) - Kimberly Enterprises posted a slightly wider first-half loss and said it continues to try to meets its obligations towards creditors. The pre-tax loss for the six months ended 30 June came in at €4.6m from €4.4m in the same period last year, as revenue fell to €71,000 from €130,00

17 Aug 2015 10:40

Kimberly Enterprises Trying To Meet Creditor Obligations As Loss Flat

6 Aug 2015 08:49

Kimberly Enterprises To Take 100% Ownership Of Arces And ENMAN Funds

29 Jul 2015 16:01

Kimberly Enterprises sells Czech Republic residential development plot

(ShareCast News) - AIM-listed Kimberly Enterprises announced the sale of a residential development plot in Czech Republic for a total cash consideration of around €2.3m. The Eastern European property developer said the net proceeds of the disposal are expected to be around €1.8m, of which its share

29 Jul 2015 13:57