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2007  // Posts published in 2007

26 Jan 2007 Tsogo Sun Holdings

HCI INCREASES ITS OFFER FOR TSOGO STAKE BY 20%

Hosken Consolidated Investments (HCI) has raised its offer for 100 percent of Nafcoc Investment Holding (Nafhold) by R150 million to R900 million. HCI said yesterday it would also allow Nafhold to sell all its investments other than its 25 percent shareholding in Tsogo Investments Holdings (TIH), without reducing the R900 million price tag. This means […]

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25 Jan 2007 Tsogo Sun Holdings

SHAREHOLDER’S UNANIMOUSLY REJECT HCI’S OFFER – NAFHOLD

Johannesburg – Nafcoc Investment Holdings (Nafhold) did not have to provide a responding circular to the takeover bid by Hosken Consolidated Investments (HCI) because the unsolicited R750 million offer would not be accepted by any of its shareholders, Nafhold announced yesterday. In a statement issued on Sens, the JSE news service, Nafhold said the Securities […]

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25 Jan 2007 SENS Announcements

INCREASED CONSIDERATION AND REVISED TERMS OF THE OFFER TO THE SHAREHOLDERS OF NAFHOLD

Announcement of the increased consideration and revised terms of the offer to the shareholders of Nafcoc Investment Holding Company Limited (“Nafhold”) 1. Introduction The shareholders of HCI and Nafhold are referred to the announcement published by HCI on the Securities Exchange News Service (“SENS”) of the JSE Limited (“JSE”) and in the press on 1 […]

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19 Jan 2007 Tsogo Sun Holdings

HCI TO TAKE ACTION OVER THWARTED FABCOS DEAL

Hosken Consolidated Investments (HCI) will take legal action after officials in Mpumalanga thwarted its purchase of a Fabcos stake from Fabvest Investment Holdings. This is according to a statement yesterday by the firm to the JSE. HCI last year agreed to pay R565 million for 50 percent of Fabcos so it could gain control of […]

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19 Jan 2007 Tsogo Sun Holdings

HOSKEN CRIES FOUL OVER FABCOS

INVESTMENT holding company with gambling and television interests Hosken Consolidated Investments said regulators had blocked its planned takeover of Fabcos Investment Holding. It planned to take legal action after officials in Mpumalanga thwarted its bid for Fabvest. Source: Bloomberg

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18 Jan 2007 SENS Announcements

FURTHER ANNOUNCEMENT IN RESPECT OF THE TRANSACTION BETWEEN HCI AND FABVEST

Further announcement in respect of the transaction between HCI and Fabvest Investment Holdings Limited (“Fabvest”) relating to the acquisition by HCI of the remaining 50% of the shares held by Fabvest in Fabcos Investment Holding Company Limited (“the Fabvest transaction”) 1. Introduction Shareholders of HCI are referred to the announcement published by HCI on the […]

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13 Jan 2007 Industrial

CRANE SUPPLY TIGHTER

GLOBAL SHORTAGE PUTS THE SQUEEZE ON THE BOOMING CONSTRUCTION INDUSTRY. But the building sector seems to be taking the shortage of machines and other supplies in its stride, reinventing itself to increase efficiency, writes Mathabo Le Roux. A global shortage of cranes is adding pressure to supply constraints in the construction industry. With major construction […]

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11 Jan 2007 SENS Announcements

CHANGE IN DIRECTORATE

In accordance with Rule 3.59 of the JSE Limited Listing Requirements, HCI shareholders are advised that Dr Moretlo Lynette Molefi has been appointed an independent non-executive director of the HCI with immediate effect.

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