Agro Allied Firm Gets Shareholders Approval to Raise N50bn
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Kayode Tokede
Zichis Agro Allied Industries Plc has obtained shareholders approval to raise N50 billion additional capital through debt finance or equity raising by public offers, rights issue or a combination of both.
The shareholders during the company’s 3rd Annual General Meeting (AGM) in Ogun State, also approved the management’s decision to issue up to N5 billion debt finance by issuance of a commercial paper and acquiring 2,000 acres of land
Zichis Agro Allied Industries Plc has obtained shareholders approval to raise N50 billion additional capital through debt finance or equity raising by public offers, rights issue or a combination of both.
The shareholders during the company’s 3rd Annual General Meeting (AGM) in Ogun State, also approved the management’s decision to issue up to N5 billion debt finance by issuance of a commercial paper and acquiring 2,000 acres of land
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