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By Alois Vinga LEADING hotelier, African Sun Limited (ASL) has commenced the integration of Dawn Properties Limited (DPL) following the recent acquisition of the entity’s controlling stake. Last year the acquisition of the entire issued ordinary shares of DPL was approved for an issuance of the African Sun Limited ordinary shares listed on the Zimbabwe Stock Exchange (ZSE). The transaction was achieved through an issuance of one ASL ordinary share for every 3,988075746 Dawn ordinary shares held. In a recent update, ASL chairperson, Alex Makamure said the hotelier has commenced the process of integrating the property concern. “I am pleased to advise that pursuant to the Company’s offer to acquire 100% of DPL’s ordinary shares as of 20 January 2021. The company is going through pertinent legal processes to acquire the remaining 8.83%. We are in the process of integrating the business to achieve the anticipated synergies,” he said.

Alois vingaAlex makamureDawn properties limitedAfrican sunInternational accounting standardAfrican sun limitedZimbabwe stock exchangeSpread thisவிடியல் ப்ராபர்டீஸ் வரையறுக்கப்பட்டவைசர்வதேச கணக்குவைப்பு முறை தரநிலைஸிஂபாப்வே ஸ்டாக் பரிமாற்றம்பரவுதல் இது