MEIKLES Limited says negotiations over the disposal of its remaining hospitality assets are still ongoing, with the company expected to seek shareholder approval for the proposed transaction at an extraordinary general meeting to be convened in due course. The group, in its latest update to shareholders said discussions remain in progress following earlier announcements regarding…
Meikles’ hospitality assets disposal talks continue
Meikles wants to exit the hospitality space to concentrate on the retail business which it operates with South Africa partner Pick n Pay. Under the TM Pick n Pay brand, Meikles controls 51 per-cent while Pick n Pay holds the remaining 49 percent.