Investment holding company Brimstone said on Thursday it plans to more than halve its stake in Equites Property Fund, and will use the proceeds to pay its debts.
Brimstone plans to sell about 21-million shares in Equites, worth R345m before the JSE opened on Thursday morning, which would reduce its stake in Equites from 5.68% to about 2.27%...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.