CMH (part of the company group) is set to acquire 13 properties from its own directors for a total of R745 million. The properties are currently leased to the group.
Both reports say the leases are conducted on an arm’s-length basis, indicating that pricing and terms are intended to be market-related rather than preferential. The transactions involve purchases by the company from directors, which is typically subject to corporate governance review and disclosure requirements.
While both outlets describe the same overall deal—13 properties, R745 million, and the existing arm’s-length leasing arrangement—neither adds further detail about who the directors are, the valuation methodology, or the specific timing of the transfer in the provided text. The common focus remains on the size of the transaction and the fact that the properties are already in use under leased arrangements.
