(Blanchi Costela, Getty Images)
The Takeover Regulation Panel (TRP) said on Friday it has started an investigation into Ascendis Health after a litany of complaints at a firm that is eyeing delisting from the JSE this year. These include complaints about shareholders acting in party with a buyout consortium, as well as other “other instances of non-compliance.
The TRP said in a statement it has “decided to take proactive measures” to ensure that all complaints are processed in a systematic and organised manner. It said it had received approximately 20 complaints. A “considerable number,” but not all, has in remedial action being taken, it said in a statement.
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