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2004  // Posts published in 2004

20 Oct 2004 Transport

THE THIRD UMPIRE

OUT: Richard Commellan, executive director of the Securities Regulation Panel, whose overdue decision on HCI’s buyout offer to Putco is delaying empowerment of the bus company. Source: Business Day

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19 Oct 2004 Transport

PUTCO WAITS FOR RULING ON HOSKEN PROPOSAL

The board of commuter bus company Putco says, contrary to what has been published in the past week, it does not have an opinion on Hosken Consolidated Investments’ offer to buy-out Putco. Putco MD Franco Pisapia said yesterday the opinion that some aspects of the offer were “defective” was that of the Securities Regulation Panel […]

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17 Oct 2004 Transport

HCI WIL BOD DOEN VIR PUTCO

Hosken Consolidated Investments (HCI) het die direksie van Putco in kennis gestel dat hy beoog om ‘n formele bod to doen om beheer te verkry van Putco deur middel van a reelingskema. HCI het ook bekend gemaak dat sy aanbod aan die aandeelhouers van Mettle om al hul aandele teen 37c stuk te verkry, deur […]

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15 Oct 2004 Transport

OFFER FOR PUTCO LIFTS HCI STOCK

The Hosken Consolidated Investments (HCI) share price ended up 13.64% at R12.50 with 2 000 shares traded in three deals yesterday. HCI said this week it intended to make a formal offer to shareholders in bus tansport company Putco. HCI recently bought bus group Golden Arrow. Source: Business Day

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15 Oct 2004 Transport

WHERE TO FOR PUTCO?

The offer by listed investment-holding group Hosken Consolidated Investments (HCI) to buy Putco might be the empowerment tonic that the struggling bus company needs to survive. HCI is best known as the principal shareholder in free-to-air television station e.tv. White-owned Putco desperately needs a BEE deal if it is to secure government transport contracts, which […]

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14 Oct 2004 Transport

HOSKEN TO MAKE AN OFFER FOR SHARES OF BUS COMPANY PUTCO

Hosken Consolidated Investments (HCI) which recently bought Western Cape bus group Golden Arrow said yesterday it intended to make an offer for Gauteng bus group Putco’s management warned shareholders earlier in the week it had received notice of an offer that it described as “defective” and “incapable of implementation” in its proposed form. Source: Business […]

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14 Oct 2004 Transport

HCI WANTS PUTCO’S BUSSES

Pretoria: Hosken Consolidated Investments (HCI), the listed black empowerment investment holding group, yesterday confirmed it was making a formal offer to acquire control of Putco, the listed passenger transport company. HCI, the investment arm of the Clothing and Textile Worker’s Union, which is its largest shareholder; said it intended to acquire control of Putco via […]

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7 Oct 2004 Transport

GOLDEN ARROW KRY 90 NUWE BUSSE NA HCI GROEP OORNEEM

KAAPSTAD- Die Golden Arrow busdiens het verlede week die eerste van 40 splinternuwe busse gekry wat die maatskappy voor einde vanjaar nog op die pad gaan hê. Nog 50 nuwe busse word teen 10 per maand in die eerste vyf maande van volgende jaar afgelewer. Dit spruit uit ‘n inspuiting van R90 miljoen van die […]

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29 Sep 2004 Transport

BUS COMPANY DEAL

The acquisition by Hosken Consoldiatd Investments Ltd (HCI) of Golden Arrow Bus Services (Pty) Ltd (GABS) has been finalised following the fulfillment of all relevant conditions, it was announced last week. This means that GABS has been placed under the control of a prominent black empowerment shareholder, marking a new chapter in its long history. […]

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20 Sep 2004 Historic Investments

NOTICE

HCI made an unconditional offer to Mettle minority shareholders to acquire all or part of their Mettle shares from 37c each. Source: This Day Business

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