Business
Mantengu In Advanced Talks To Buy Averi Assets For New Mantengu Shares
Mantengu In Advanced Talks To Buy Averi Assets For New Mantengu Shares
About this update from Mantengu Limited
Mantengu Ltd JSE:MTU:JSE: MTU - CAUTIONARY ANNOUNCEMENT RELATING TO THE PROPOSED ACQUISITION OF ASSETS AND POTENTIAL REVERSE TAKEOVER TRANSACTIONMANTENGU LTD - IN ADVANCED TALKS TO BUY AVERI FINANCE ASSETS FOR NEW MANTENGU SHARESMANTENGU LTD - TO ISSUE 650 MILLION NEW SHARES TO BUY ALL AVERI ASSETSMANTENGU LTD - VALUES AVERI AT $120 MILLION; AVERI VALUES MANTENGU AT $60 MILLIONMANTENGU LTD - DEAL CLASSIFIED AS CATEGORY 1 AND REVERSE TAKEOVER; MAY LEAD TO CHANGE IN CONTROL