A group of shareholders is countering Tongaat's JSE listing suspension request with one of its own, saying the board's decision is 'detrimental' and 'reckless'. | Fin24
A group of shareholders is countering Tongaat's JSE listing suspension request with one of its own, saying the board's decision is"detrimental" and"reckless".
On Friday, analyst and Tongaat whistleblower Dave Woollam said a consortium of minority shareholders, led by Artemis Investments, was in the process of filing representations at the JSE. The consortium's move follows the troubled company's announcement earlier that day that it had requested a temporary listing suspension from the JSE. The sugar producer's reason for the request was that it would not be able to publish its financials for the year ended 31 March on time.Get 14 days free to read all our investigative and in-depth journalism. Thereafter you will be billed R75 per month. You can cancel anytime and if you cancel within 14 days you won't be billed.
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