Rebosis is confident a merger with Delta will put the wind in its sails
The property group has battled to grow rentals and reduce debt
Businessman Sisa Ngebulana’s Rebosis Property Fund says the group could consider delisting and going private if the touted merger with SA’s largest government-tenanted landlord, Delta Property Fund, fails to go ahead.
Rebosis’s B shares have lost almost 90% of their value in 2019, due to its failed investment in UK mall owner New Frontier Properties and the company struggling to raise rental rates across its local assets. The company offers A and B shares for investors with different risk profiles. Rebosis A shareholders are guaranteed distribution growth of 5% and are paid first. B shareholders are paid the residual...
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