By Alois Vinga
DIVERSIFIED retail and hospitality group, Meikles Limited has tabled plans to unbundle its tea farming concern, Tanganda Tea Company.
In an update, the group’s company secretary, Thabani Mpofu advised shareholders and the investing public of the impending transaction.
“The Board is engaged in discussions and is considering various proposals which, if implemented, may have a material impact on the value of the Company’s shares.
“In this regard the Directors have determined to unbundle from the Company and separately list on the Zimbabwe Stock Exchange the Company’s agricultural processing business,” Mpofu said.
In line with the decision, the company has since engaged professional advisors to plot the roadmap and shareholder are expected to be engaged for approvals which will be sought in due course.
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