Tue Apr 5, 2016/Reuters Nigerian conglomerate UAC group has suspended a planned rights issue due to a weak equity market and shareholders had rejected a proposal to issue preference shares via a private placement, Chief Executive Larry Ettah said on Tuesday. Ettah said the capital raising would happen at subsidiary […]
Tag: equity market
Flour Mills of Nigeria to invest over $1 bln to expand capacity
Flour Mills of Nigeria plans to invest $1 billion over the next 3-5 years to fund growth and expand into West Africa, its vice chairman told Reuters on Friday. John Coumantaros said revenue for the manufacturer of products like pasta, flour, vegetable oil, livestock feed and also cement grew 11-15 […]
Watchdog to allow foreign firms to list in Thai equity market
ONE OF THE main missions of the Securities and Exchange Commission this year is to allow foreign companies to list here, with listing rules to be completed within this quarter. It will also encourage companies in provincial areas to raise funds from the capital market in order to increase their […]
