Johannesburg - Redefine Properties International RIN said on Thursday that its subsidiary, Redefine International was still in talks with the board of the UK-based company Wichford and advisers Rothschild regarding a potential merger between the two.
Redefine International has a 21.7% shareholding in Wichford.
Linked unitholders are advised to continue exercising caution when dealing in RIN's securities.
RIN is part of the Redefine Income Fund [JSE:RDF] stable.