BRIEF-Adcorp Holdings Updates Disposal Of Dare Holdings

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BRIEF-Adcorp Holdings Updates Disposal Of Dare Holdings
Credit: © Reuters.

Sept 22 (Reuters) - Adcorp Holdings Ltd ADRJ.J :

* JSE: ADR - DISPOSAL OF DARE, WITHDRAWAL AND RENEWAL OF CAUTIONARY

* ADCORP HOLDINGS LTD - VALUE BASED ON CONSOLIDATED NET ASSETS OF TARGET ON SIGNATURE DATE WHICH IS ESTIMATED TO BE A TOTAL AMOUNT OF AUD 3.44 MILLION

* ADCORP HOLDINGS LTD - AGREEMENT WITH COMPETENTIA TO ACQUIRE 100% OF ISSUED SHARES OF DARE HOLDINGS

* ADCORP HOLDINGS LTD - NEGOTIATIONS REGARDING DISPOSAL OF FINANCIAL SERVICES DIVISION ARE STILL ONGOING

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