Tsogo Sun Hotels intends to pick up an additional 7.98% stake in subsidiary Hospitality Property Fund through a share swap, citing its current significant discount to net asset value per share.

Tsogo intends to acquire about 46.1-million Hospitality shares from various fund managers, worth about R124m on Monday morning, by exchanging shares at a rate of 1.77 Tsogo Sun Shares for every Hospitality share...

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