Visual International: AltX listing set down for Friday

Visual International Holdings, a property development firm that develops complete, self-contained suburbs for the middle-income market, will list on the JSE’s AltX on Friday. Its listing was initially planned for April 4 but was postponed because of a delay in obtaining a clearance certificate for a property in Kuils River in Cape Town. Visual reported yesterday that it had now met all the requirements of the JSE to allow its listing to go ahead. In March Visual announced details of an offer of 66 million shares at 50c each, with a minimum subscription of a total of 7.2 million shares. Visual said R11.15m was raised and the applications received for 22.3 million shares were allocated in full. – Roy Cokayne