मैगज़्टर गोल्ड के साथ असीमित हो जाओ
10,000 से अधिक पत्रिकाओं, समाचार पत्रों और प्रीमियम कहानियों तक असीमित पहुंच प्राप्त करें सिर्फ
Accelerate continues with R100 million rights offer amid large related-party uncertainties
Cape Times
|July 14, 2025
ACCELERATE Property Fund (APF), which has Fourways Mall Shopping Centre as its main asset, said Friday a R100 million rights offer that opens on July 14 will continue, in spite of uncertainty about the outcome of a R800m agreement with the developer of the mall.
APF's share price fell 5.56% to 51 cents on Friday, much in line with the share price of 53 cents that it traded at a year earlier.
"APF remains committed to restructuring its operations with a focus on improving the Mall as APF's largest asset. The opening of the rights offer... is an important step towards the completion of these restructuring efforts, the proceeds of which will be utilised for improvements of the Mall and working capital needs of APF," a notice said Friday.
APF's directors said the rights issue would add to the R200m already raised by APF in a rights offer in June 2023.
यह कहानी Cape Times के July 14, 2025 संस्करण से ली गई है।
हजारों चुनिंदा प्रीमियम कहानियों और 10,000 से अधिक पत्रिकाओं और समाचार पत्रों तक पहुंचने के लिए मैगज़्टर गोल्ड की सदस्यता लें।
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