Malawians stand a chance of owning shares in Malawi Stock Exchange-listed Blantyre Hotels Limited following its K62.4 billion rights issue.
The firm has issued the rights as part of its campaign to raise funds for the completion of its five star hotel in Lilongwe.
According to the firm’s prospectus, at least 5 billion rights shares are available through a renounceable fully underwritten rights offer.
Read also: ACB Pounce On Chiwambo Over Corruption
Read also: Malawi rolls out dual citizenship to Malawians living in Zimbabwe
If all the share rights are subscribed to, the hospitality company will be able to earn the anticipated amount for the infrastructure development.
Read also: Nankhumwa Promises To Bring Back CDF To MPs
Read also: FDH Bank Donates K10 Million to Mzuzu Lions Club to Mark 30 Years of Service
Read also: Kabambe vows to address Malawi’s woes
Related Posts:
Powered by Contextual Related Posts