A lot of companies listed on the Nigeria stock exchange have been raising cash through bonds, share issues etc. The is a way to raise cash when a company is getting close to being in distress or bankruptcy.
Transcorp Hotels to issue N10bn Rights Issue.
The Nigeria based hospitality establishment will issue 2,659,574,468 ordinary shares of 50 kobo each by way of a rights issue to the shareholders based on 7 new ordinary shares for every 20 ordinary shares of 50 kobo each held at a price of N3.76 per share.
Transcorp has two location in Nigeria, Transcorp Hilton Abuja and Transcorp Calabar.
The shareholder approve the
Source : https://www.investingport.com/trans...orp-hotels-to-issue-n10-billion-rights-issue/
Transcorp Hotels to issue N10bn Rights Issue.
The Nigeria based hospitality establishment will issue 2,659,574,468 ordinary shares of 50 kobo each by way of a rights issue to the shareholders based on 7 new ordinary shares for every 20 ordinary shares of 50 kobo each held at a price of N3.76 per share.
Transcorp has two location in Nigeria, Transcorp Hilton Abuja and Transcorp Calabar.
The shareholder approve the
Source : https://www.investingport.com/trans...orp-hotels-to-issue-n10-billion-rights-issue/