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Johannesburg - South African electronics company Jasco Electronics said on Monday that its acquisition of a 34% economic interest in Malesela Taihan Electric Cable is now unconditional as all remaining conditions precedent have been finalised.
The special resolution relating to the increase in authorised share capital of the company to 150m ordinary shares was registered by CIPRO on June 20.
Furthermore, 27.4m Jasco ordinary shares, in part consideration of the acquisition of 34% of Malesela Taihan Electric Cable, was listed by the JSE with effect from the beginning of trade on Monday, July 7.
- I-Net Bridge