EMPOWERMENT pioneer Marcel Golding and well-heeled investor Hugh Roberts have failed to sew up a significantly bigger stake in fashion retailer Rex Trueform (RexTru).In April, a consortium — headed by Golding (formerly executive chairman of empowerment powerhouse Hosken Consolidated Investments) and Roberts — bought up empowerment group Brimstone’s influential shareholdings in Rextru and its pyramid holding firm, African & Overseas (Af&Over) Enterprises.The deal triggered a mandatory offer to all Rextru and Af&Over shareholders. But a Sens statement showed only scant interest from both Rextru and Af&Over shareholders to sell their scrip to Golding and Roberts.The consortium received acceptances from Rextru ordinary shareholders holding just 4,315 shares (0.148% of the issued shares) and 185,190 low voting N shares (1%).A mere 23 Af&Over shares were offered to the consortium with 240,557 N shares being surrendered (representing almost 2.4% of this class of shares).The disclosure conf...
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