Grand Parade declares special dividend after Burger King payment
Cape Flats shareholders will finally receive a payout after a long wait
11 November 2021 - 15:11
The Grand Parade Investments (GPI) share price leapt as much as 10% on Thursday, the most since late June on an intraday basis, after the investment company finally received the first payment for the sale of its Burger King SA franchise.
However, the share price retreated slightly to trade 7% higher at R3.57 on the JSE by 10.30am, giving Grand Parade a market valuation of R1.67bn...
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