South African tycoon Stephen Brookes’ Balwin Properties returns $14.6 million to shareholders
Brookes has seen the market value of his stake rise by $5.3 million in the past 26 days.
Brookes has seen the market value of his stake rise by $5.3 million in the past 26 days.
Brookes owns a 36.08-percent stake in Balwin Properties.
Brookes, who founded the company in 1996, is the largest shareholder with a 36.08-percent stake.
Balwin is a residential property developer of large-scale estates for South Africa’s low-to-middle-income population.
The South Africa-based property developer delivered double-digit growth in earnings.