News Formal

Update: Company denies involvement with development of George building

  • 📰 BoksburgNews
  • ⏱ Reading Time:
  • 20 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 51%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

Ice Projects has clarified its position in the development of the Neo Victoria building, saying it sold its shares because the project wouldn’t yield sufficient return on investment.

A company, first believed to be involved with the development of the Neo Victoria apartment building in George that collapsed last week, now clarified that it did not participate in the project.

However, Ice Projects sent a legal letter to Group Editors on Friday in which it clarified its involvement with the project. “Ice Projects decided not to participate in the project, pursuant to the completion of a due diligence and feasibility study, upon the information available at that stage, which revealed that the project did not yield a sufficient return of investment.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 40. in NG

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Mystery surrounds company that ‘vanished’ after George building collapseIce Projects Pty Ltd, a company that initially appeared on websites and other promotional material for the Neo Victoria apartment block, has seemingly vanished.
Source: BoksburgNews - 🏆 40. / 51 Read more »