Listed hotelier,
Recently, the entire issued ordinary shares of Dawn were acquired in exchange for the issuance of the
In an update, ASL company secretary, Venon Musimbe said the new shareholders were now geared to unlock the envisaged benefits.
"Following the successful acquisition of
"These include but are not limited to ASL gaining complete control of the freehold title that was held by Dawn which will allow the Company to attract investment on a property-by-property basis," he said.
The deal is understood to have the potential to strategically position the hotel group and bolster its competitiveness.
The company has three real estate businesses: property holding, property development and property consulting.
Dawn's consulting services are offered through its subsidiary,
The Company owns approximately 540 hectares (ha) of land in both the residential and commercial markets and offers two services: property management and valuation.
The property management division manages over 340,000 square meter of lettable space across over 120 sites in
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