AECI rises 2.1% as it receives R1bn land sale payment guarantee

Chemicals company AECI Group’s (AFE) shares closed 2.1% higher at R123.50 on Tuesday‚ just R3 shy of its record high‚ taking the total gain to 67% since November 2012 after it announced it had received a payment guarantee for the sale of land to Shanghai Zendai Property.