Choppies directors raise P200m in property firm listing

Ottapathu
Ottapathu

Choppies directors, Ramchandran Ottapathu and Farouk Ismail will raise P200 million from selling 80 million shares in Far Property Company (FPC) ahead of the company’s listing on the Botswana Stock Exchange (BSE) early May.

The 80 million shares comprise 40 million existing shares and another fresh issue of another 40 million shares.

 According to the FPC prospectus, a share is being sold at P2.57 each.

Editor's Comment
The Boko-led administration has to tread carefully

‘When you make peace withyourself, you make peace with the world’- Maha GhosanandaThis may come at a huge cost if not handled properly. What started off on Labour Day in Letlhakane this year, where Boko was in attendance when the militant lawyer-cum-trade unionist, Robert Rabasimane rebutted the President’s address in defence of the trade union has seemingly spiralled out of control. The issue is now creating a cat-and-mouse type of a...

Have a Story? Send Us a tip
arrow up