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Provider: Reuters Investment Profile

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Brainworks Capital Management increases its stake to over 50 percent in African Sun Ltd - All Africa

Tuesday, 14 Jan 2014 04:37am EST 

African Sun Ltd:Says that Brainworks Capital Management has consolidated its foothold in African Sun Ltd by increasing its stake to over 50 percent after buying 17,6 million shares worth $500,000 in normal Zimbabwe Stock Exchange trades - All Africa.Says Brainworks Capital Management prepares to make a mandatory offer to the latter's minority shareholders.Says the shares which were traded at $2,8 cents were sold by local asset management firm Equivest for $494,799. 

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3 Nov 2011