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Hyprop Investments withdraws bid for MAS amid governance concerns
Cape Times
|July 28, 2025
HYPROP Investments has withdrawn its bid for JSE-listed MAS because the central and eastern Europe property group, along with its major shareholder PK Investments, has refused to provide documents about a disputed development joint venture (DJV) agreement.
A number of South African institutional minority shareholders, collectively holding about 15% of MAS shares, recently raised concerns regarding MAS's corporate governance, historical disclosure, and potential conflicts of interest among board members.
They wanted two members of MAS’s board to step down and proposed the addition of four independent directors.
Dit verhaal komt uit de July 28, 2025-editie van Cape Times.
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