JSE-listed technology group Altron said on Wednesday that its headline earnings per share will fall by as much as 29% because of the disposal of its Bytes UK arm and weak trading conditions.
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Altron has declared a special dividend of 96c/share after it successfully spun off Bytes as a separate listing in London and Johannesburg and ended up with more cash than it expected.
Huge Group has taken down two videos from its website in which it implored Adapt IT shareholders to accept its offer to buy the software services group in an all-share deal.
Pony Ma pledged $7.7-billion towards curing societal ills and lifting China’s countryside out of poverty, echoing Xi Jinping’s priorities at a time Beijing is tightening its grip on Internet giants.
Who is buying JSE-listed Adapt IT shares at or above the R6.50/share offer price tabled earlier this month by Canada’s Volaris Group? A disclosure by Adapt IT may have shed some light on this question.
Prosus suffers from the same problem as Manchester City Football Club: Because everyone knows it has access to vast amounts of capital, it’s always at risk of overpaying for acquisitions.
Investors in Naspers said on Thursday they want proceeds from a $14.7-billion stake sale in its Tencent Holdings investment to go towards blockbuster acquisitions or a share buyback.
Shares of Tencent Holdings dropped in Hong Kong after Naspers unit Prosus priced its placement of the Chinese Internet giant’s stock at the top end of a marketed range, raising $14.7-billion.
Naspers spin-off, technology investment company Prosus, plans to sell a 2% stake in China’s Tencent, worth about R218-billion at current prices, in an accelerated offering to institutional investors.
Forbes’ annual world’s billionaires list includes a record-breaking 2 755 billionaires, with Amazon.com founder Jeff Bezos topping it for the fourth consecutive year.