Debt-ridden Choppies seeks new capital
The Botswana-based supermarket chain has appointed a firm to advise it on raising new capital as its debt exceeds it assets
27 February 2023 - 15:01
UPDATED 28 February 2023 - 13:50
Choppies, a Botswana-based supermarket chain with stores in Zimbabwe, Zambia and Namibia, has appointed a firm to advise it on raising new capital as its debt exceeds it assets, it said as it released interim results on Monday.
This could mean a rights issue, in which shareholders are asked to buy additional shares, which leads to lower earnings per share in the future. ..
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