gaucho group holdings inc shares were up 21 to 381 after the company said its shareholders approved the purchase of additional land holdings in argentina in an allstock transaction valued at 24 million the company said the purchase price was determined from an evaluation of the real estate performed by an independent third party the properties were bought from hollywood burger holdings inc the company said both properties are located on major thoroughfares see significant foot and street traffic and have ample parking a feature considered a rare benefit in argentine cities of the two properties one of them currently generates positive cash flow through lease revenue and will be accretive to the company and the other is expected to have substantial development opportunities