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IRW-Press: Haldane McCall PLC Provides Company Update

Published on 31 January 2014

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by Press Office

(IRW-PRESS and WireNews)

Vienna, Austria

Haldane McCall PLC (Vienna: ISIN IM00B7XZYZ39, HMK1), a European company investing in emerging markets in Africa, is pleased to provide a company update.

Haldane McCall has appointed the auditing firm Deloitte to prepare an audited financial statement for the calendar year 2013. These financial statements serve as the basis for the process of introducing the Plc in the German AG. Following the reorganization, the company intends to be admitted to trading on the regulated market.

As already announced in previous press releases, all contracts with the involved parties, such as lawyers and auditors are signed.

As decided at the AGM in September 2013, Haldane McCall will list a real estate company with listed shares (Real Estate Investment Trust - REIT) on the Nigerian Stock Exchange in May 2014 whereby the public can invest in the Real Estate Investment Trust by purchasing the units or investing in the mutual fund in acquiring properties.

A Real Estate Investment Trust is a security that sells like a stock on the major exchanges and invests in real estate directly through properties, it offers investors high yields, as well as a highly liquid method of investing in real estate markets.

Haldane McCall will be debt free by this measure.

The construction of 1,000 housing units in Lagos is on going, and sales will begin from June 2014. Other company announcements to follow shortly. 

About HMK1
Haldane McCall PLC is a European Company investing in emerging markets, primarily in Africa. HMK invests in real estate in the low cost housing segment in West Africa. The Group operates a Best Western hotel Franchise in West Africa. The Company owns Best Western hotel, Ikeja. HMK operates own Suru Express hotels in West Africa. HMK has dedicated subsidiaries for real estate (Suru Homes Ltd.) and dedicated financial services (Prolific Micro Finance Bank Ltd.) to provide a full package -from financing to sale- to the lower income population in Africa. In addition HMK invests in real estate and hotels in selected European metropolises.

Please send enquiries to: info@haldanemccallplc.com
Visit our website: www.haldanemccall.com

Safe Harbor Statement: The statements contained herein are forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements, including, but not limited to, certain delays beyond the company's control with respect to market acceptance of new technologies or products, delays in testing and evaluation of products, and other risks detailed from time to time.

Haldane McCall PLC
12, Mount Havelock Douglas
Isle of Man, 1MI 2QG
Telephone: +44 (0) 162 461 8444
Fax: +44 (0) 162 461 8555
Website: www.haldanemccall.com
Email: info@haldanemccallplc.com



  • Joachim Brunner
  • IRW-Press
  • PR Contact
  • Tel: +43724221193011
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Posted 2014-01-31 12:17:00