SA Corporate Real Estate, whose shares have nearly halved in value compared to their 2017 high, says it has received buyout and merger offers from a number of suitors.
Earlier in 2019, Arrowhead Properties and Gemgrow Properties announced merger plans, while Fairvest Property Holdings and Safari Investments also say they are considering a “friendly merger”. The group’s board had established an independent board sub-committee to advise it on the proposals, it said. The board would also appoint corporate advisers.
SA Corporate’s board is looking for a new chair after removing Jeff Molobela from the position earlier in June. At the company’s AGM in May, only 55% of eligible votes were in favour of Molobela retaining his position as chair.
Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer: