DISPOSAL OF INTEREST IN YASA LIMITED AND WITHDRAWAL OF CAUTIONARY ANNOUNCEMENT
Disposal of interest in YASA Limited
Shareholders are referred to the latest cautionary announcement released by Universal Partners on 22 July 2021 and are
advised that the Company has completed the disposal of its interest in YASA Limited (‘YASA’) to Daimler UK, a
subsidiary of Mercedes Benz AG (‘MBAG’â) (the ‘Transaction’). The Transaction was completed on 3 August 2021.
After acquiring all of the shares in YASA, including the 21.95% (fully diluted) held by the Company, MBAG is now
the owner of 100% of the shares and claims in YASA.
YASA manufactures very powerful, lightweight Axial Flux electric motors for the Automotive industry and is currently
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February 5, 2021 Nyasa Times Reporter 1 Comment
Hip-hop artist Tay Grin is this Friday evening continuing with his popular show Grin’s Fire Fridays on Instagram which he is using to raise money for the Covid-19 response.
Tay Grin show live on Instagram from 9pm
The live show, hosted by Tay Grin (real name Limbani Kalirani), gives an opportunity to his followers to either call and talk to him or call and dance to a song of their choice or do any entertaining act.
Some have been mesmerising with their twerk dances and reciting poems, signing and jokes.
The most entertaining act stand a chance of winning K200 000 .