Business Services Industry

WRF eyes more buys on syndicate upgrade.

Australasian Business Intelligence, December, 2006

Byline: Rebecca Keenan

Dec 13, 2006 (The West Australian - ABIX via COMTEX) -- WRF Securities has upwardly revised the valuations on its Southern River subdivision syndicate, prompting it to look for more opportunities in Western Australia (WA). The valuation for the Perth syndicate was increased from $A12.5m to $A18m, and WRF is now trying to acquire adjoining properties for $A3.4m through a funding arrangement with the National Australia Bank. WRF is also looking for other properties in WA, as well as opportunities in Queensland and Victoria. Shares in the Perth-based group closed level at $A0.355 on 12 December 2006.

Publication Date: 13 December 2006

WRF SECURITIES LIMITED - ASX WRF

NATIONAL AUSTRALIA BANK LIMITED - ASX NAB...

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