Industrial group Barloworld reports that the public-offer component of its Khula Sizwe Property Holdings empowerment transaction was oversubscribed, with over 50 000 applications received and the R164-million funding target met. The offer, which was open to black investors only, closed on May 31. Applicants are still to be notified of the number of shares allocated to them, while refunds for those shares applied for but not allocated will be processed by August 31.
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