{"id":110911,"date":"2016-02-01T12:28:32","date_gmt":"2016-02-01T10:28:32","guid":{"rendered":"http:\/\/businesstech.co.za\/news\/?p=110911"},"modified":"2016-02-01T12:28:32","modified_gmt":"2016-02-01T10:28:32","slug":"altron-warns-over-discussions","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/telecommunications\/110911\/altron-warns-over-discussions\/","title":{"rendered":"Altron warns over discussions"},"content":{"rendered":"

JSE listed Allied Electronics Corporation (Altron) has cautioned shareholders that it\u00a0remains in discussions and negotiations which could affect its share price.
\n<\/span><\/p>\n

The group is undergoing a restructure following a string of disappointing results in recent times, culminating in a loss for the year ended February 2015.<\/p>\n

In December, Altron disposed of a 75% interest in Aberdare Cables, to Chinese firm Hengtong Optic – Electric for R1.23 billion.<\/p>\n

Altron said it would use the proceeds of the sale to reduce group debt.<\/p>\n

It also announced in December that its subsidiaries Altech and Bytes, would move to Altron\u2019s head office in Parktown, Johannesburg.<\/p>\n

On Monday, Altron advised shareholders that the company remains in discussions and negotiations, ‘which, if successfully concluded, may have a material effect on the company\u2019s securities’.<\/p>\n

The company also recently noted that negotiations between subsidiary, Powertech and Capitalworks, whereby Powertech would dispose of its PTSI business, were terminated at the request of the buyer.<\/p>\n

More on Altron<\/h3>\n

Altron restructure on the cards after R60-million loss<\/a><\/strong><\/p>\n

Altron close to disposal of Altech Autopage GSM customer base<\/a><\/strong><\/p>\n

Altron targets ISP services through Autopage<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Altron has cautioned shareholders that it remains in discussions and negotiations which could affect its share price.<\/p>\n","protected":false},"author":10,"featured_media":51695,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[21],"tags":[25,309],"class_list":["post-110911","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-telecommunications","tag-active","tag-altron"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/110911","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=110911"}],"version-history":[{"count":1,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/110911\/revisions"}],"predecessor-version":[{"id":110927,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/110911\/revisions\/110927"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/51695"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=110911"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=110911"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=110911"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}