Published: 14 August 2013

CBZ Bank is holding on to Caps Holdings head office after it emerged that last month's auction of the attached property was reversed.

CBZ Holdings group chief executive officer John Mangudya last week said the sale of the property was overturned despite a $1.6 million bid.

He said Chinese investors had shown interest in the asset during the auction, but the sale had to be put on hold in line with a government directive.
- newsday

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