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
BPF should get house in order

Speaker of the National Assembly, Dithapelo Keorapetse, has this week rightly washed his hands of the mess, refusing to wade into a party squabble that has no clear leadership and no single version of the truth.When a single party sends six different letters to the Speaker’s office, each claiming to be the authoritative voice, it is not just confusion, but an embarrassment.Keorapetse is correct to insist on institutional boundaries. Parliament...

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