DCI Advisors Sells Cyprus Land for €7.5 Million
The company has agreed to sell a plot of land in Cyprus for €7.5 million, above its current net asset value.
The company has agreed to sell a plot of land in Cyprus for €7.5 million, above its current net asset value.
The company has postponed an EGM and changed the venue due to ongoing investigations and the Isle of Man TT Races event.
The retailer has notified a change in substantial shareholding, with a private fund no longer holding a material interest in the company.
The real estate investment firm reported a significant loss of €18.3 million, reversing last year's profit. With dwindling cash reserves and increased debt, it's now heavily reliant on asset sales for future liquidity.
The retailer has postponed its Extraordinary General Meeting to investigate certain matters that have come to the company's attention.
The property investment firm has agreed to sell its interests in two Cyprus-based residential developers for a total of €31.1 million.
The company has issued a notice of annual general meeting to be held on 27 February 2025. The resolutions include the adoption of the annual report, re-appointment of the auditor and a director, and renewal of the share buyback authority.