Business
Labat Africa Acquires Additional 24.45% Of Classic International Ltd
Labat Africa Acquires Additional 24.45% Of Classic International Ltd
About this update from Labat Africa Ltd
Labat Africa Ltd JSE:LAB:JSE: LAB - ACQUISITION OF THE ADDITIONAL 24.45% OF CLASSIC INTERNATIONAL (PTY) LTDLABAT AFRICA - PURCHASE CONSIDERATION FOR 24.45% STAKE IS R27 MILLIONLABAT AFRICA - CONSIDERATION TO BE SETTLED BY ISSUING 900 MILLION LABAT SHARES AT R0.03 PER SHARELABAT AFRICA - FOLLOWING COMPLETION OF TRANSACTION, CO WILL HOLD 100% OF ISSUED SHARE CAPITAL OF CLASSIC