Business - Companies & Markets - Featured - Finance - Local - November 12, 2020

SACL in shares discussions

StarAfrica Corporation Limited, an established sugar refinery in Zimbabwe, is engaging in discussions with a major shareholder that may result in a transaction that could have a material impact on the value of the Company’s shares.

The company is to consult their professional advisers before dealing with their shares.

In a statement by the company secretary, Mr. Aldo Musemburi said the board wishes to advise all shareholders that a major shareholder is engaged in discussions that may result in a transaction that could have a material impact on the value of the company’s shares.

StarAfrica Corporation Limited was established in 1935 principally as a sugar refinery, it has grown to become a diversified conglomerate listed on the Zimbabwe Stock Exchange (ZSE).

The Group manufactures and markets sugar-based products under two well-known brand names, Goldstar Sugar and Country Choice Foods.

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