Raymond Heung, a 10% Holder, disposed of 450,000 Non-Voting Shares Class C on a control or direction basis for registered holder YP Heung Foundation at a price of $2.850 on August 18th, 2020. This represents a $1,282,500 divestment of the company's shares and an account share holdings change of -7.0%.
Madison Pacific Property is in the Real Estate Development & Operations Sub Industry Group under the Financials Sector.
Madison Pacific Properties Inc. (Madison) is a Canada-based company, which is engaged in the business of acquiring, developing and managing revenue from industrial, office and retail real estate properties. The Company's total leasable area of the industrial, retail and office properties is 1.78 million square feet. Madison provides third-party property management in addition to managing its portfolio of investment properties. These services include tenant services and relationships, building operations, leasing, lease administration, property accounting and reporting and project management services. Leasing services include working with designated leasing agents and performing thorough tenant screening. Property Accounting and Reporting services include monthly reporting and annual budgeting. Project Management services include tenant improvement project oversight and special asset improvement projects. Madison Pacific Properties Inc. (MPC) has below median officer and director direct ownership compared to its small-cap peers in the market, based on our estimate using SEDI data. According to regulatory filings yesterday, one insider has divested a net amount of $1,282,500.
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