Embattled Pembury agrees to capital injection from private equity firm
30 July 2020 - 08:09
Education-focused Pembury Lifestyle Group has agreed to a capital injection from private equity firm Verityhurst.
Under the agreement, Verityhurst would receive 180-million new shares worth R18.9m from Pembury and would nominate new board members, including a new CEO. Verityhurst would then hold 30.2% of Pembury’s shares...
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