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
Botswana must not be a flag of convenience for rogues

‘A man’s country is not a certain area of land, of mountains, rivers, and woods, but it is a principle and patriotism is loyalty to that principle’.- George William CurtisAccording to the report carried in this publication, the fraudsters operating the so-called “dark fleet” have selected Botswana’s flag as their cover of choice. This is a direct assault on our country’s most valuable asset, the good name.For decades, Botswana has...

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