Shalamuka acquires 26% of DLM

DLM is proud to announce that it has concluded a transaction with Shalamuka Capital which has resulted in Shalamuka acquiring 26% of DLM. This will significantly increase DLM’s BBBEE rating.

In order to facilitate the transaction Dupleix Liquid Meters Ltd (DLM) has sold its assets and liabilities into a shelf company called Oakleaf Investment Holdings 85 (Pty) Ltd as a going concern. The new entity will continue to trade as DLM and in due course will change it’s name to Dupleix Liquid Meters (Pty) Ltd.

Barry Bamberger has retired, Gillian Darge has been appointed Managing Director and all other management stays the same.

The company registration number is now 2011/117612/07.

The VAT registration number is 4060259548

We have also changed our bankers to :
First National Bank
Branch Greenstone
Branch code 201-510
Account number 62336974383