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
Batswana need to do better to stop FMD

It is a clear signal that the government’s purse is empty and that our own behaviour has left veterinary officials fighting with one hand tied behind their backs. We have been here before. During COVID-19, many of us thought we knew better. We ignored simple rules, we carried on as if the danger was someone else’s problem, and the virus took lives and left our economy on its knees. We are still broke from that experience. Yet now, with FMD...

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