UACN Property Development Company Plc (UPDC) – NSE ticker – UAC-PROP is transferring its facility management division to First Choice Facility Management Company through an Asset and Business Transfer Agreement.
This was disclosed in a corporate action statement filed by UPDC to the Nigerian Stock Exchange on Thursday.
According to the statement signed by Folake Kalaro the Company Secretary, First Choice Facility Management Company is a wholly-owned subsidiary of UPDC.
About UPDC
UAC Property Development Company Plc is a company incorporated in Nigeria on 6 October 1997. The company is into the business of acquisition, development, sales, and management of high quality, serviced commercial and residential properties in the luxury, premium, and classic segments of the real estate market.
The address of the registered office is 1-5 Odunlami Street, Lagos.
The company is listed on the Nigerian Stock Exchange with a closing price of N0.92 per share at the close of trading on Thursday. The 52 high and low prices are N1.42 and N0.74 per share respectively.
It has 18,559,969,936 outstanding shares and a market capitalization of N17.634 billion.
Written by;
Ifunanya Ikueze
