Hotelier African Sun Ltd acquires Dawn Properties

ZIMBABWE – Dawn Properties Limited shareholders have approved a historic resolution which will see the company get acquired by hotel group African Sun Limited in exchange for shares in the hotelier. An extraordinary general meeting held in the capital Harare approved two major resolutions effectively completing the voting process. The resolutions were made amid reports that the deal was under investigation by markets regulator, Security Exchange Commission and concerns that minority shareholders will be prejudiced as shares are being sold below prevailing market rates. In terms of the proposal, the…

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