Zunaid Moti becomes largest Rebosis A shareholder
Tycoon now owns more of property group’s stocks than founder and continues to back it
12 May 2020 - 20:03
SA tycoon Zunaid Moti, best known for his luxury-car dealerships, has increased his stake in Rebosis, making him the property group’s largest shareholder.
The company said on Tuesday that Moti had acquired a beneficial interest in Rebosis’s A shares, taking his shareholding to 13.49%. Rebosis has a dual-share A and B structure, which is designed to serve investors of varying risk appetites...
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