Staff Writer 
Unifreight Africa Limited has announced that it is currently engaged in negotiations for a transaction that could significantly impact its financial standing and share price.
“Shareholders are advised that the Transaction remains subject to, among other things, the completion of due diligence, ongoing negotiations, and any required regulatory and shareholder approvals. There is no certainty at this stage that the Transaction will proceed or that it will be concluded on the terms proposed,” company secretary Michael Mnemo said in a statement this week.
While the potential Transaction offers a promising outlook, Unifreight cautioned that there is no guarantee it will proceed or be finalised on the proposed terms.
In light of the ongoing negotiations, Unifreight urged shareholders to exercise caution when trading in the company’s securities until more definitive information is available.
