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African Sun Commences Integration Of Dawn Properties

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 Vinga , Alex Makamure , Dawn Properties Limited , African Sun , International Accounting Standard , African Sun Limited , Zimbabwe Stock Exchange , Spread This , விடியல் ப்ராபர்டீஸ் வரையறுக்கப்பட்டவை , சர்வதேச கணக்குவைப்பு முறை தரநிலை , ஸிஂபாப்வே ஸ்டாக் பரிமாற்றம் , பரவுதல் இது ,

It's turning bloody at African Sun, DPL. . . giant invokes law, whips minorities in takeover bid – NewsDay Zimbabwe

It’s turning bloody at African Sun, DPL. . . giant invokes law, whips minorities in takeover bid
BY MELODY CHIKONO
AFRICAN Sun Limited (ASL) yesterday laid out a road map for the dramatic takeover of stocks held by a minority of Dawn Properties Limited (DPL) shareholders who have turned down the giant’s ambition for full control.
Zimbabwe’s largest leisure chain made the offer last year.
Under the deal, ASL offered to acquire all issued ordinary shares in DPL based on one ordinary share for every 3,988075946 DPL shares to execute the complete takeover of the property operation.
Over 91% of DPL shareholders took up the ASL offer, leaving about 9% clinging to their stock, according to an ASL statement released yesterday, giving remaining shareholders a final chance to agree or face the courts. ....

Mashonaland East , Zimbabwe General , Dawn Properties Limited , Conference Centre , Great Zimbabwe Hotel , Sun Limited , Monomotapa Hotel , Harare Magistrate Court , Tag Along , Drag Along , Squeeze Out , Zimbabwe Stock Exchange Listed , Elephant Hills Resort , Caribbea Bay Resort , மஷோனலண்ட் கிழக்கு , ஸிஂபாப்வே ஜநரல் , விடியல் ப்ராபர்டீஸ் வரையறுக்கப்பட்டவை , மாநாடு மையம் , நன்று ஸிஂபாப்வே ஹோட்டல் , சூரியன் வரையறுக்கப்பட்டவை , ஹராரே மாஜிஸ்திரேட் நீதிமன்றம் , குறிச்சொல் உடன் , இழுக்கவும் உடன் , கசக்கி ஔட் , ஸிஂபாப்வே ஸ்டாக் பரிமாற்றம் பட்டியலிடப்பட்டுள்ளது , யானை மலைகள் உல்லாசப்போக்கிடம் ,