Listed firm HF Group has received approval from Kenya’s Capital Markets Authority (CMA) to raise up to $46.5 million (Ksh6 billion) through a rights issue. This rights issue is structured such that it offers shareholders two new ordinary shares for every one existing ordinary share held, with the shareholders having the option to apply for…...
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HF Group out to raise $46.5 million in rights issue
Muthoga Mungania
Muthoga Mungania is an award-winning, Nairobi-based multimedia journalist covering economic, corporate, financial, tech and investor relations matters among other business stories. Muthoga is seasoned in data and market analysis, corporate finance, and economic trends, making them a trusted voice in East African business journalism, communications and consultancy.
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