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Richina Completes Mobil Sale
Richina Completes Mobil Sale
Statement made by Dr Alastair MacCormick, Chairman, Richina Pacific Limited
Richina Pacific has confirmed it completed the sale of the Wellington landmark office, shopping and car park complex, Mobil-on-the-Park, for $66 million yesterday.
The sale has released some $25 million in funds, which
will be recommitted to the growth of the company. A portion
of the funds will go towards planned capital expenditure at
the company’s leather operation in Shanghai.
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