CMH is buying property from one of its directors.
Combined Motor Holdings has warned shareholders to be careful when trading its shares after saying it is considering buying properties from some of its executive directors.
These properties are currently leased by the company and used for its operations.
In a cautionary announcement released on Tuesday, CMH said the board was pursuing an opportunity to acquire “several properties owned by certain of the executive directors of the Board and utilised by way of lease to CMH for operations”.
The company said independent valuations had already been obtained and were being considered by both related and independent directors. CMH did not identify either the properties or the directors involved.
