BPOPF ups shareholding in Tlou Energy
Friday, March 29, 2024 | 290 Views |
The pension fund snapped up about 61.3 million additional shares amounting to 5.65 million Australian dollars (A$) (P50m) under the second round of an offer by Tlou that was initially closed in January. The new shares take BPOPF’s total equity in Tlou to approximately 208.5 million shares.
Under the original offer, Tlou had given its shareholders the right to purchase 379.6 million shares, with investors eligible to subscribe for four shares for each 11 they already held. Of the shares offered, applications were made for 32.5 million shares raising A$1.1 million (P9.7 million) by the closing date of January 31.
The Ministry of Agriculture, local producers, retailers, and industry associations must work together to overcome the obstacles hindering vegetable production and distribution.This collaborative approach is essential to improve the availability, quality, and affordability of vegetables in the market.Firstly, the Ministry of Agriculture should provide support and guidance to local farmers to enhance their productivity and efficiency. This could...