Articles about Mustek

Novus wins High Court appeal against TRP over Mustek deal

An order has been granted by the High Court, declaring the Takeover Regulation Panel ruling against the deal as unlawful and unconstitutional.

Court showdown looms over Mustek-Novus acquisition

Novus files an urgent High Court application to set aside the TRP’s ruling on the Mustek deal on the grounds it is unlawful and unconstitutional.

Takeover Regulation Panel scuppers Novus’s Mustek bid

The print, publishing and packaging manufacturing firm is directed to publish a revised firm intention for Mustek within 20 business days.

Tribunal conditionally approves Novus-Mustek merger deal

The tribunal approves the proposed merger, subject to employment-related public interest conditions.

Mustek suffers massive revenue loss

The PC distributor’s revenue decreased by 14% to R3.66 billion in the six months ended 31 December.

Green light for Novus deal to buy Mustek

The Competition Commission recommends the tribunal approves the proposed transaction whereby Novus intends to acquire Mustek.

Huawei solves WiFi user experience issues at high-density venues

Every Huawei access point is built with Huawei’s patented dynamic zoom antennas with AI, to increase the coverage range by 20%.

Novus offers to buy ICT distributor Mustek

The firm tables R13 for each Mustek share, R7 plus one ordinary share in Novus for each Mustek share and two Novus shares for each Mustek share.

Sizwe IT sells Cyberantix stake to Mustek for R20m

The companies enter a sale of shares and claims agreement for the sale of Sizwe’s 70% interest in the issued share capital of Cyberantrix.

Mustek revenue takes a knock

Revenue decreased by 13% to R4.27 billion mainly due to lower sales volumes of green energy products, says the distributor.

Mustek posts R10.13bn revenue

The PC distributor’s revenue for the year ended 30 June breaches the R10 billion mark, as it declares a dividend.

Mustek, AYO flag irregular expenditure at Sizwe IT

The individuals implicated in the matter allegedly did not follow due process, and have been suspended pending the outcome of a disciplinary procedure.