Standard Bank Group Increases Stake in Mustek to 14% in Strategic Investment Move

Standard Bank Group acquires a significant interest in Mustek, highlighting confidence in tech sector growth.

Mustek has announced that Standard Bank Group Limited has acquired a 14% beneficial interest in its securities. This acquisition signifies Standard Bank’s confidence in Mustek’s growth potential and commitment to strengthening its investment portfolio within the technology sector.

The acquisition follows formal notification to Mustek in the prescribed form, indicating Standard Bank’s increased stake in the company. This move aligns with Standard Bank’s strategic investment goals and highlights Mustek’s attractiveness within the market.

As a result of this transaction, Standard Bank now holds a substantial portion of Mustek’s total issued share capital. As per reports, the necessary notice has been filed with the Takeover Regulation Panel, ensuring compliance with regulatory requirements.

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