Company Data
| Last traded |
R6.01 |
| Change |
R0.01 |
| % Change |
0.17% |
| Cumulative volume |
458,802 |
| Market cap |
R653.15m |
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Johannesburg - ICT company
Mustek [JSE:MST] CEO
David Kan and a group of investors, including the Trinitas Private Equity Fund, have offered to buy the firm at R5.55 per share.
In a statement on Wednesday, the company said Kan, directly or indirectly, controlled about 10% of the issued share capital of the company.
Independent of the consortium, holders of an additional 45% of the issued share capital of the company had given the consortium an irrevocable undertaking to support the proposed buy-out and delisting of Mustek.
“The board is engaged in discussions with the consortium with a view to facilitating the conduct by the consortium and/or its funders of a due diligence investigation of the company,” the statement said.
The non-binding expression of interest and discussions in that regard did not constitute a firm intention to make any offer, and no offer may result from this process.
Accordingly, pending further announcements, shareholders are advised to exercise caution when dealing in their Mustek shares.