The company has reported a capital gain of €1.4 million on the sale.
Heftsiba Jerusalem Gold Ltd. (TASE: HFZJ) said today that it will report a capital gain of €1.4 million on the sale of its holding in a commercial real estate project north of Bucharest.
Heftsiba Jeruslem invested €2.9 million in the project and it is now selling its share in it for €4.3 million. The company will also be repaid an €812,500 loan that it made available under the terms of the deal.
Published by Globes [online], Israel business news - www.globes.co.il - on June 21, 2007
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