Technology distributor Mustek has warned shareholders that it expects to report another weak set of financial results.
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An adverse finding by the Takeover Regulation Panel is unlikely to derail Novus Holdings’ bid for a controlling stake in Mustek.
Novus Holdings last week surprised investors by announcing it was making a bid to buy technology distributor Mustek.
Novus Holdings is making a bid to acquire JSE-listed technology group Mustek – with backing from top management.
Mustek has acquired a 70% stake of cybersecurity firm CyberAntix from Sizwe IT Group for R20-million.
Mustek sees a “more stable period ahead” after slashing its dividend by 90% and reported an 82% slump in Heps.
Shares in Mustek fell by more than 10% after the technology distributor warned of a steep decline in full-year earnings.
AI chips, Windows support for ARM and end of support for Windows 10 could lead to a big PC refresh cycle.
David Kan, the late founder and former CEO of Mustek, is the focus of episode 3 of TechCentral’s TCS Legends.
The focus of the next episode of TechCentral’s TCS Legends is on David Kan, the late founder and CEO of Mustek.