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What it means is that CGI formerly China Gateway Properties has cancelled the sale of the their land at Farthingloe & the Western Heights for £5m to Dover Gateway Ltd (a company 40% owned by CGI & 60% by Priory Land Ltd) pocketing the £500k deposit from Priory Land.
My guess from this site
http://thanetstrife.blogspot.com/2010/03/tough-recession-for-china-gateway.html
& the CGI accounts (a loss of £940k for the 6 months to May 2010) is that the £500k will come in handy.
As for Priory Land Ltd their web site is an interesting read - particularly the news pages
http://www.prioryland.com/news.php
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