HOSPITALITY GREEN LIGHT MOOTED OVER TSOGO SHARE DEAL (HCI - Hosken Consolidated Investments Limited)

(Source: HCI - Hosken Consolidated Investments Limited) According to BusinessDay hospitality Property Fund (HPF)'s shareholders are likely tomorrow to vote in favour of a new capital structure and a share deal that would see it become the hotel arm of gaming and leisure group Tsogo Sun. Hospitality's A and B share structure, which was developed to offer different risks and rewards to shareholders, has been controversial, with the holders of B shares losing out on income payouts. Tsogo wants to inject 10 hotels valued at almost R1,8bn...