BRIEF-Afristrat Investment Says Mutual Cancellation Of Disposal Transaction Of MHMK Capital

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BRIEF-Afristrat Investment Says Mutual Cancellation Of Disposal Transaction Of MHMK Capital
Credit: © Reuters.

April 14 (Reuters) - Afristrat Investment Holdings Ltd ATIJ.J :

* JSE: ATI - ATID - MUTUAL CANCELLATION OF THE DISPOSAL TRANSACTION OF MHMK CAPITAL (PTY) LTD

* AFRISTRAT INVESTMENT - PAYMENT OF PURCHASE CONSIDERATION DID NOT OCCUR ON 31 DECEMBER 2020

* AFRISTRAT INVESTMENT - AGREED TO RETURN TO ORIGINAL POSITION WHEREBY AFRISTRAT WILL RETAIN ITS 70% SHAREHOLDING IN MHMK CAPITAL

* AFRISTRAT INVESTMENT - NCH, AN ASSOCIATE OF MHMK CAPITAL HAS FURTHER ENTERED INTO AN AGREEMENT WITH A LARGE BEE ASSET MANAGER TO ACQUIRE SHARES IN NIM

* AFRISTRAT INVESTMENT - NIM DISPOSAL WILL RESULT IN SETTLEMENT OF DEBTS DUE WITHIN NCH AND REPAYMENT OF ALL CAPITAL CONTRIBUTIONS TO MHMK CAPITAL

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