DHH sells subsidiary

514 views
1 min read

D.H. Cyprotels Plc (DHH) announced that it agreed and sold the 100% of the share capital of its subsidiary company Capital Accommodation (Cyprus) Ltd for the amount of CYP 667,464.

Furthermore, an amount of CYP 1,497,536 which Capital Accommodation (Cyprus) Ltd owes to D.H. Cyprotels Plc., will be undertaken to be paid by the new shareholders, Kouroushis Lion Resorts Ltd.

Capital Accommodation (Cyprus) Ltd owns a long term lease with a license to build a four-star hotel in Mouttalos area, district of Pafos.