Famous Brands plans to acquire two Gauteng properties from related parties
The owner of Steers, Wimpy and Mugg & Bean wants to expand and reconfigure its Midrand campus
11 October 2022 - 20:36
Restaurant chain Famous Brands plans to acquire two properties from four individuals who include a nonexecutive director and people related to a second director.
While the firm wouldn’t normally declare a R181m transaction to the market, in terms of JSE listing requirements a company needs to disclose related party transactions that could benefit parties such as executive and nonexecutive directors. ..
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