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Rebosis Property mulls restructuring New Frontier
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South African real estate investment trust Rebosis Property Fund Ltd. is considering restructuring shopping center-focused New Frontier Properties Ltd.
Rebosis, which cut its shareholding in New Frontier to 36% from 67.6% in September 2017, said the restructuring might be carried out by delisting New Frontier and/or by internalizing its asset management, among other options.
New Frontier holds primary listings on the Alternative Exchange of the JSE and the Stock Exchange of Mauritius.