Shares in Brainware have been suspended from trading on the JSE at the request of the embattled group`s directors.
The share closed at 2c on Tuesday. Its highest close this year, 26c, was recorded in mid-January.
The group says it requested the suspension "as it became evident that different levels of information are circulating in the market and as it is furthermore not possible to remedy the situation by an immediate publication of a further announcement, given the ongoing and fluid nature of the disposal process announced on 17 May 2000".
The suspension is to last until a combined circular is posted to shareholders on or before 28 October.
Brainware says it will keep shareholders informed of the status of further disposals, and will make announcements, where applicable, on a fortnightly basis.
The group announced in May it would sell its 11 subsidiaries and discontinue head office operations.
Its latest disposal was its 64.05% stake in ITS, announced this week.
Related stories:
Brainware sells ITS stake
Brainware sells two more subsidiaries
Brainware begins long-awaited sell-offs
Brainware acts to stop haemorrhaging share price
Share