Independent Online

Saturday, May 28, 2022

Like us on FacebookFollow us on TwitterView weather by locationView market indicators

Afine lists on JSE’s AltX

It floated 64 million shares. Afine owns seven petrol filling-station properties located in four provinces. Picture: Timothy Bernard.

It floated 64 million shares. Afine owns seven petrol filling-station properties located in four provinces. Picture: Timothy Bernard.

Published Dec 10, 2021

Share

SHARES in Afine Investments started trading yesterday on the Johannesburg Stock Exchange’s Alternative Exchange’s (AltX), Real Estate Investment Trusts (REITs) sector.

It floated 64 million shares. Afine owns seven petrol filling-station properties located in four provinces.

Story continues below Advertisement

“The skills of the initial investors; highly regarded REIT executives sharing over three decades of listed company experience, combined with the industry skills of the Petroland Group, one of South Africa’s most successful petrol filling-station developers, suggests that the growth potential to successfully expand Afline’s initial portfolio is significant,” Afine chairman Mike Watters said in a statement.

Since the inception of AltX, 140 companies have listed with a total of R74 billion raised. Forty of those companies migrated onto the JSE Main Board. –

[email protected]

BUSINESS REPORT ONLINE

Related Topics:

Share