Jasco sells component manufacturer for R65m
Move by the technology group comes as it rationalises business operations, seeking to improve operating margins and performance as well as working capital management
07 October 2019 - 08:24
Technology group Jasco Electronics said on Friday it has agreed to sell its Electrical Manufacturers Division (EM) for R65m, which exceeds the group’s market capitalisation.
The sale of the unit to 100% black-owned African Zaibatsu should be concluded by end-April 2020, the group said...
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