Property firm joins stream of departures from JSE
Adrenna says listing has been costly and did not bring it the profile it hoped for
21 August 2019 - 08:16
Adrenna Property Group, which owns just one property and has a market value of R55.9m, says it will pay up to R26.2m to buy out certain shareholders and delist from the JSE.
A number of small-cap firms have left or announced plans to leave the JSE recently, citing onerous regulatory requirements and costs amid a depressed appetite for shares in that segment of the market...
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