RCL Foods’ shares jump as shareholders approve Rainbow’s listing
But institutional investors are not thrilled at the thought of owning stake in a chicken company, says analyst
04 June 2024 - 10:49
UPDATED 04 June 2024 - 18:10
Shares in RCL Foods initially gained more than 11% after its shareholders approved the listing and unbundling of the group’s poultry operation, Rainbow Chicken.
RCL said on Tuesday that Rainbow’s shares would start trading on the main board of the JSE on June 26...
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