Texton in survival mode could be set for a takeover
Property fund had its worst financial year yet in the period to June
19 September 2019 - 18:00
Texton Property Fund, which has had five CEOs in as many years, is positioning itself for a takeover, having struggled for nearly five years to turn its operations around.
CEO Marius Muller said on Thursday that he and his team were working to get the company operating at a respectable level. This included selling a number of SA properties to lower debt levels as well as disposing of Broad Street Mall in Reading, England...
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