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October 17, 2008
Gold Reef BEE men forced to sell stake
TWO of Gold Reef Resorts' empowerment shareholders have been forced to sell their 15,01% holding in the casino group after facing foreclosure.
Gold Reef directors Bongani Biyela and Richard Moloko sold their 41-million shares to Mainstreet 581, an indirect wholly owned subsdiary of Tsogo Sun last week. Mainstreet 581 already holds a 4,86% stake, with the acquisition taking the company's stake to 19,87%.
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Posted by StaffWriter at October 17, 2008 12:14 PM