AfroCentric Investment Corporation Says On December 23, Unit Enters Sale Agreement With FHC For Activo

About this update from Afrocentric Investment Corporation Limited

AfroCentric Investment Corporation Ltd JSE:ACT:JSE: ACT - DETAILED TERMS ANNOUNCEMENT REGARDING THE DISPOSAL OF ACTIVO AND ITS SUBSIDIARIESAFROCENTRIC INVESTMENT CORPORATION LTD - ON DEC 23, UNIT ENTERS SALE AGREEMENT WITH FHC FOR ACTIVOAFROCENTRIC INVESTMENT CORPORATION LTD - UPFRONT PAYMENT OF R350 MILLION CASH FREE, DEBT FREEAFROCENTRIC INVESTMENT CORPORATION LTD - EARNOUT PAYMENT UP TO R250 MILLION BASED ON PERFORMANCE OF ACTIVO

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