Motus Holdings on Thursday unbundled from Imperial Holdings and listed independently on the JSE.
According to Motus, the listing will enhances its strategic focus, improves operational efficiency and enable it to unlock sustainable shareholder value, it said in a media statement.
It has the share code "MTH".
"This is an exciting milestone in the history of our company. The unbundling and separate listing of Motus enables us to operate in a more focused and efficient manner, while at the same time providing shareholders with an opportunity to participate directly in the group's success," said Motus acting CEO Ockert Janse van Rensburg.
"As a result, of our differentiated value proposition, investing in Motus means participating in the entire automotive value chain, which underpins our ability to create sustainable value through the cycle."
In 2017, after a strategic portfolio optimisation and realignment of Imperial's businesses, Motus was created as a separate holding company for all the automotive businesses within Imperial.
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