Decillion - Formation Of Mvelaphanda Alternative A
Decillion - FORMATION OF MVELAPHANDA ALTERNATIVE ASSET MANAGERS (PTY) LTD
DECILLION LIMITED
("Decillion")
Registration number 1998/011692/06
Share code: DEC ISIN: ZAE000017612
FORMATION OF MVELAPHANDA ALTERNATIVE ASSET MANAGERS (PROPRIETARY) LIMITED
Tokyo Sexwale`s Mvelaphanda Group are pleased to announce the expansion into
financial services via the formation of Mvelaphanda Alternative Asset
Managers (Proprietary) Limited, a Financial Services Board approved
investment and niche fund manager. Mvelaphanda Strategic Investments
(Proprietary) Limited is the largest shareholder, holding 51% of the issued
share capital with Decillion being the second largest shareholder with 29%.
Both the Mvelaphanda Group and Decillion, who will be offering technical
support in the formative stages, are extremely excited about the venture,
which many see as a "footprint" for Mvelaphanda into this sector of the
market.
Johannesburg
31 May 2002
Contact:
Klaus Gbel
Decillion Alternative Investment Management
(+2721) 529 1400
Sponsor: Barnard Jacobs Mellet Corporate Finance (Pty) Limited
Date: 31/05/2002 05:38:22 PM Produced by the SENS Department
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