Hermans & Romans cancels listing on JSE
Cape Town-based property group, Hermans & Roman Properties (HRP) said it was considering amending the terms of its Johannesburg private placement and listing following feedback from investors.
Hermans & Romans, had planned to raise 2.039 billion rand from the sale, had been due to publish the results of the offering on Thursday 10 May.
HRP had been offering to sell 203.9 million linked units, a form of security issued by property loan stock companies which trades like a share but is made up of part share and part loan, at a fixed price of 10 rand each.
The company, which planned to use the proceeds of the offer to purchase five properties including a Zambian shopping centre, said it would update investors on any changes to the offering or timetable.