The Far gains marginally on BSE debut

The Far Property Company regisetered modest gains on its first trading day on Wednesday rising by two thebe to P2.59 per share with 5,000 shares changing hands.

The company, which is the second to join the local bourse this year, listed following a successful and oversubscribed initial public offering (IPO).

The company, which is majority owned by Choppies Group directors Ram Ottapathu and Farouk Ismail, issued 40 million new units while the selling shareholders sold 40 million of their own shares meaning that 80 million units were being sold.

Editor's Comment
Enough is enough!

On Saturday at around 9am it was reported that an accident claimed the lives of five people who happened to be related. The car they were travelling in is said to have attempted to overtake only to realise that the oncoming car was fast approaching. When the driver tried to get back to his lane, he hit the car he was trying to drive past whilst overtaking.Many quickly took to social media to show sympathy to the victims and also offer their...

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