South African property development company Gilboa Properties has requested the JSE Securities Exchange South Africa to suspend the trading of its securities.

The company said in a statement on Monday that it is in the process of preparing a circular to shareholders regarding the disposal of Gilboa House, the acquisition of Stand 315 Waterkloof and the acquisition of Absolute Tiles.

In order to comply with the JSE's disclosure requirements, the circular is being prepared and the directors of the company have requested the JSE to suspend the trading of its securities in the best interests of shareholders until such time as the circular is finalised and distributed to shareholders.