Assore International Holdings Limited (AHIL) has increased its stake in gemstone miner Gemfields to 26.17%.
This followed the sale by Dr Christo Wiese and his family and associates of about 154.66-million shares in Gemfields.
Wiese, who this week resigned from the company's board as nonexecutive director, retains about 5.73-million Gemfields shares, which equates to about 0.49% of Gemfields' shares in issue.
AHIL now holds 305.81-million Gemfields shares.
At the start of September, AHIL had held only 5% of Gemfields' shares. It has now become the gemstone miner's largest shareholder.
Edited by: Chanel de Bruyn
Creamer Media Senior Deputy Editor Online
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