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Cavalier Corporation Limited (NZX: CAV) Settlement of Auckland Property Sale Thursday 24th December 2020 Cavalier Corporation Limited advises that the sale of its Auckland property to Manukau Industrial Holdings Limited for $25.5 million has settled. Cavalier will lease back the property for a 14-year term, with a further right of renewal for six years, from the new owners. The $25.5 million is an increase of $900,000 on the earlier contract with Kinleith Land and Infrastructure Limited (Kinleith) which Cavalier cancelled for failure of Kinleith to pay its deposit. The net proceeds from the sale will be used to provide: • additional liquidity and funding during the current uncertain operating environment;

New zealand generalNew zealandCavalier corporationManukau industrial holdingsInfrastructure limited kinleithCavalier corporation limitedManukau industrial holdings limitedKinleith landInfrastructure limitedபுதியது ஜீலாந்து ஜநரல்புதியது ஜீலாந்துகேவலியர் நிறுவனம்கேவலியர் நிறுவனம் வரையறுக்கப்பட்டவைஉள்கட்டமைப்பு வரையறுக்கப்பட்டவை