TWK Investments sells forestry and timber assets to Usutu Forest Products

WEST FRASER TIMBER CO

WEST FRASER TIMBER CO

WFG

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  • TWK Investments flagged a proposed sale of business assets by its forestry unit Shiselweni Forestry Company, covering asset disposals by Shiselweni Forestry Company, SAWCO Treated Timber Products, Nhlangano Timber Co, and TWK Agri to Usutu Forest Products.
  • On an unaudited pro forma basis for the year ended Aug. 31, 2025, net asset value per share rises to 59.3 cents from 55.4 cents, tangible net asset value per share increases to 54.6 cents from 50.6 cents.
  • Pro forma basic earnings per share swing to 761.5 cents from a loss of 40.3 cents; headline earnings per share move to 779.2 cents from a loss of 22.6 cents.
  • A special general meeting is set for June 12, 2026 to vote on the transaction.
  • The cautionary announcement was withdrawn following release of the pro forma financial information.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. TWK Investments Ltd. published the original content used to generate this news brief on May 21, 2026, and is solely responsible for the information contained therein.