BRIEF-Mayfield Group Holdings Announces Proposal To Acquire Adelaide Property By Reuters

BRIEF-Mayfield Group Holdings Announces Proposal To Acquire Adelaide Property

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BRIEF-Mayfield Group Holdings Announces Proposal To Acquire Adelaide Property

April 7 (Reuters) - Mayfield Group Holdings Ltd MYG.AX :

* PROPOSAL TO ACQUIRE ADELAIDE PROPERTY-MYG.AX

* TOTAL CONSIDERATION PAYABLE BY MAYFIELD INDUSTRIES FOR PROPERTY IS $7.4 MILLION

* LOAN FACILITY OF ABOUT $5.2 MILLION HAS BEEN SECURED FROM CBA TO FUND PURCHASE PRICE

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