- Afristrat Investment Holdings Limited faces an urgent liquidation application filed by one of its ordinary shareholders.
- The company’s board of directors believes the application lacks merit and has opposed the request.
- The High Court of South Africa, Gauteng Division, Pretoria, has reserved judgment after hearing the case on June 8 and 9, 2023.
Afristrat Investment Holdings Limited (JSE Code: ATI, ISIN: ZAE000305959), a renowned investment company, provided an update on an urgent liquidation application that has been filed against the company. Shareholders were informed of this development through official announcements on October 21, 2022, and March 14, 2023.
Afristrat, a leading investment firm incorporated in the Republic of South Africa, confirmed that an ordinary shareholder had launched an application for the winding-up of the company. However, Afristrat’s board of directors firmly believes that the application lacks merit, and the company opposed the request.
The case was presented before the High Court of South Africa, Gauteng Division, Pretoria on June 8 and 9, 2023. Following the conclusion of the proceedings, the court has reserved judgment on the matter.
Afristrat’s board of directors has assured shareholders that they will receive an update once the court judgment is handed down. The company remains committed to keeping its shareholders well-informed about any further developments concerning the urgent liquidation application.
Afristrat Investment Holdings Limited, with a registration number of 1998/013215/06, operates as a prominent investment firm in South Africa. It is listed on the Johannesburg Stock Exchange (JSE) under the code ATI. The company holds the debt issuer code ATID and hybrid issuer code ATIG.
At this stage, Afristrat has not disclosed the specific grounds on which the shareholder based their liquidation application. Nevertheless, Afristrat’s management maintains confidence in the legitimacy of the company’s operations and the strength of its business model.