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BRIEF-Soho Development revises its strategic options
May 25, 2017 / 6:05 AM / 7 months ago

BRIEF-Soho Development revises its strategic options

May 25 (Reuters) - SOHO DEVELOPMENT SA:

* SAID ON THURSDAY THAT ITS MANAGEMENT BOARD RESOLVED A NEW STRATEGY FOR A COMPANY UNDER WHICH IT PLANS TO CONCENTRATE ACTIVITY ON SEARCHING FOR BUYERS FOR PARTICULAR SELECTED REAL ESTATE ASSETS WITH THE MOST ATTRACTIVENESS FOR POTENTIAL INVESTORS

* MOST OF THE FUNDS RAISED FROM THE DISPOSAL OF PARTICULAR ASSETS TO BE DISTRIBUTED THROUGH SHARE BUY BACK PROGRAMS

* MANAGEMENT BOARD PLANS TO CONVENE GENERAL MEETING OF SHAREHOLDERS TO GET PERMISSION FOR SHARE BUYBACK PROGRAMS

Source text for Eikon:

Further company coverage: (Gdynia Newsroom)

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