Southern Sun Terminates Proposed Acquisition Of 50% Share In Sandton Consortium Properties
· Issued by Southern Sun Limited
Southern Sun Ltd JSE:SSU:
JSE: SSU - TERMINATION OF THE PROPOSED TRANSACTION TO ACQUIRE A 50% UNDIVIDED SHARE IN CERTAIN SANDTON CONSORTIUM PROPERTIES
SOUTHERN SUN LTD - TERMINATES PROPOSED ACQUISITION OF 50% SHARE IN SANDTON CONSORTIUM PROPERTIES
SOUTHERN SUN LTD - PARETO EXERCISES PRE-EMPTIVE RIGHT; SOUTHERN SUN WILL NOT BUY SANDTON CONSORTIUM PROPERTIES
Southern Sun Limited on 6ix
Earlier from Southern Sun
- SSU Proposed Transaction To Acquire 50% Undivided Share In Certain Sandton Consortium Properties
- SSU: Income up 5% to R3.1bn, Ebitdar margin at 26%, offshore revenue down 29% on closures
- SSU: Record revenue, profit, and cash flow growth; net debt slashed and dividend doubled
- SSU: Revenue, earnings, and margins up; debt down; outlook positive with sector tailwinds
- SSU: Profit after tax increased 19% to R757.9 million, with a final dividend declared and strong liquidity maintained
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