OK shareholders nod recapitalisation

OK Zimbabwe Limited, one of the country’s largest retail chains, was recently placed under voluntary corporate rescue

Advertisements OK Zimbabwe will go ahead with the proposed recapitalisation plan to raise approximately US$30 million through a rights offer and sale of properties following approval from shareholders at an extraordinary meeting held last week.The grocery chain wants to use proceeds to clear its debts of around US$30 million to suppliers of goods and service…

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