Chronicle Editor
Nokuthaba Brita Ncube, [email protected]
LEADING financial service provider CBZ Holdings has issued a cautionary statement indicating that it is still engaged in negotiations for a potential acquisition of a complimentary business.
The first cautionary statement was in June 2022.
In a statement issued recently, the company noted that the acquisition may have an impact on the value of the company’s shares.
“Further to the Cautionary Announcements issued on 18 June 2022, 21 July 2022, 29 August 2022, 27 September 2022. 14 November 2022, 19 January 2023, 2 March 2023, 6 April 2023, 5 June 2023, 26 July 2024, and 2 October 2024 the Directors of CBZ Holdings Limited (“the Company”), wish to advise all shareholders and the investing public that the Company is still engaged in negotiations for a potential acquisition of a complementary business,” reads the statement.
“The acquisition if successfully concluded, may have a material impact on the value of the company’s shares, the full impact of which is currently being determined.”
The company further urged shareholders to exercise caution when trading in its shares until a full announcement is made.
Online Reporter