Cartrack, the owner-managed vehicle tracking group, plans to delist from the JSE then relist via a complex process that will see the founder’s investment vehicle acquire all the company’s shares then relist them on the Nasdaq with an inward listing on the local bourse.
The main rationale for the move appears to be to enable the company to tap global capital markets and accelerate its global growth ambitions...A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Sunday Times Daily.
Source: News Formal (newsformal.com)
Why would you stay invested in junk?
Traitors! Taking their money out of the country that made them! I’ll be cancelling my CarTrack immediately!
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