The shares  of Christo Wiese’s industrial holding company Invicta were on track for their best day in two months on Monday, after it said it had agreed to sell a stake in Singapore’s Kian Ann group for R647m.

Invicta, valued at R2.9bn on the JSE, intends to sell a 51.19% stake in Kian Ann, with the proceeds to be used to address a net debt pile that stood at R1.6bn at end-September...

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