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Home » Tanganda moves to raise US$8 million
Companies & Markets

Tanganda moves to raise US$8 million

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Tanganda said the proceeds will be used primarily to finance working capital requirements and fund critical capital expenditure.
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TANGANDA Tea Company is seeking shareholder approval to raise US$8 million through a rights offer, with the fresh capital earmarked to support working capital needs and fund key capital projects. In an abridged circular to shareholders, the company said the funding would be mobilised via a renounceable rights offer, which allows existing shareholders to purchase…

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