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Goodman Group
ASX:GMG ISIN:AU000000GMG2
Goodman Group is engaged in fund management, property services, development management and investment in directly and indirectly held industrial property. The Company is based in Australia and has operations in Asia Pacific (primarily Australia, New Zealand, Hong Kong, People’s Republic of China and Japan) and Europe. On December 17, 2007, it sold a 50% equity interest in Highbrook Developments Limited (HDL) to Goodman Property Trust. On March 27, 2008, it completed the disposal of its 40% interest in Ascendas MGM Funds Management Limited (AMFM) and also sold its 6.8% stake in Ascendas Real Estate Investment Trust (A-REIT). On May 31, 2008, the Company sold its investment in Goodman Property Investors Limited (GPI).
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News
Yesterday the Australian shares ended lower as traders looked to make short-term gains, despite a positive start in the morning. The benchmark S&P/ASX200 share index yesterday lost 1.2%, or 42.7 points, to 3598, while the All Ordinaries index shed 1.1%, or 39.1 points, to 3534.2. But today resource stocks may gain after commodity prices advanced.
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