BK One to Buy Stake in Basileus Capital’s Mining, Oil Assets
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BK One Ltd. has agreed to buy stakes in mining, oil and technology companies owned by Basileus Capital Ltd., a company that has begun “business rescue proceedings” after its chief executive officer was killed.
Basileus will sell stakes in Pure Ocean, Cash Connect, Kawuleza Connect, Lefatse Minerals, Toroic, Burgan Oil and other companies, the Durbanville, South Africa-based BK One said in a statement today.