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 corrupt must be punished

The findings reveal a disturbing pattern of misconduct and lack of transparency that cannot be ignored.The Tribunal, led by Judge President Justice Kabelo Lebotse, has rightly condemned the Ministry for its eyebrow raising conduct in awarding a P1.8 billion water tender to China Civil Engineering Construction Corporation (Pty) Ltd and Zhong Gan Engineering & Construction Corporation (Pty) Ltd.The award was made despite alleged clear evidence that...

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