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Austock Group Ltd Completes Sale Of Property Funds Management Business To Folkestone Limited; Appoints Chief Financial Officer


Thursday, 27 Sep 2012 09:30pm EDT 

Austock Group Ltd announced that the sale of its property funds management business to Folkestone Limited was completed on September 28, 2012. In accordance with the terms of sale, Austock will continue to hold a 35% interest in the business for a period of up to 12 months. The Company also announced the appointment of Mr. Enzo Silverii as Chief Financial Officer, effective on September 28, 2012. Mr. Silverii replaces Mr. Travis Butcher who has transitioned to Folkestone as part of the sale of Austock's property funds management business. 

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