RHCO READEN HOLDING CORP. (RHCO.PK) announced that Readen Real Estate, a wholly-owned subsidiary of Readen Holding Corp. signed today a letter of intent for the purchase of the castle estate Altembrouck in ‘s Gravenvoeren, Belgium.
READEN REAL ESTATE purchased 55 acres of land and the 60.000 Sq ft property Altembrouck for the amount of 8.500.000 dollars and 7 million new issued (rule 144) common shares of RHCO and another 6 million shares (rule 144) for the operational company Altembrouck BVBA which includes the goodwill, furniture, interior and live stock (Wagyu cattle, Magalitza hogs and Korohitsu lambs).
The appraisal report made in 2011 noted a value of $ 16.500.000
There will be a mortgage arrangement signed with the Triodos bank in the Netherlands for the $8.500.000 dollar to close this transaction.
READEN REAL ESTATE purchased 55 acres of land and the 60.000 Sq ft property Altembrouck for the amount of 8.500.000 dollars and 7 million new issued (rule 144) common shares of RHCO and another 6 million shares (rule 144) for the operational company Altembrouck BVBA which includes the goodwill, furniture, interior and live stock (Wagyu cattle, Magalitza hogs and Korohitsu lambs).
The appraisal report made in 2011 noted a value of $ 16.500.000
There will be a mortgage arrangement signed with the Triodos bank in the Netherlands for the $8.500.000 dollar to close this transaction.
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