LISTED transport logistics group,
A circular to shareholders issued this week revealed that
This will result in the exchange for 18,399,564 newly issued ordinary shares in
Unifreight also intends to surrender 100% of its shareholding in Birmingham Investments in exchange for newly issued ordinary shares in
"Pursuant to the Signed Acquisition Agreements dated
Established in 1997, Tredcor trading as TrenTyre Zimbabwe is the exclusive distributor for the GoodYear brand of tyres in
The company is involved in tyre retreading, fleet tyre management, tyre filling services and distribution of various brands of new vehicle tyres.
For the year ended
Birmingham Investments is the 100% shareholder in Birmingham Property.
Birmingham Property is the owner of an immovable property known as 63/
"This offer to Unifreight has been bundled with
The proposed Transaction will see Unifreight moving from holding shares in private companies to holding shares in a fairly liquid
Among other benefits the transaction will result in utilisation of the vacant Birmingham Property in a Value Adding Venture while presenting a sustainable solution to current occupation challenges by providing a taker with value adding projects.
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