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RMH slumps as net asset value falls by double digits

RMB Holdings' strategy of focusing on property is starting to deliver for investors, but its shares fell more than 10% on Tuesday.

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RMH rejects R1 75 bn from Brightbridge and Fledge in bids to buy its property investment assets citing offers were too low

The RMH board said it had considered a number of factors in arriving at its view of the approaches.

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Brightbridge seeks to acquire RMH s major property investments

RMB Holdings (RMH), after unbundling its investment in FirstRand last year, has received a R1.75 billion approach from Cyprus-based Brightbridge Real Estate to acquire its property investments held through RMH Property.

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