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SeedCo Exits ZSE - NewZimbabwe.com


By Alois Vinga
LISTED seed manufacturing giant, SeedCo International Limited (SCIT) has finally acquired 78% stake in its local unit SeedCo Limited (SCL) enabling the company to implement its exit from the Zimbabwe Stock Exchange (ZSE).
Recently, SCIL said the rationale for the offer was premised on a strategic response to the changes in the status of its secondary listing in Zimbabwe brought by policy initiatives introduced by the government.
SCIL contends that transferring only one of the entities, SCIL, to the Victoria Falls-based VFEX trading only in US$ while leaving SCL on the ZSE trading in the Zimbabwe dollar will not protect value for shareholders. ....

Eric Kalaote , Alois Vinga , Seedco Limited , Seedco International Limited , Zimbabwe Stock Exchange , Spread This , Victoria Falls Based , சீட்கோ வரையறுக்கப்பட்டவை , சீட்கோ சர்வதேச வரையறுக்கப்பட்டவை , ஸிஂபாப்வே ஸ்டாக் பரிமாற்றம் , பரவுதல் இது , விக்டோரியா விழும் அடிப்படையிலானது ,

SeedCo International Acquires 35% Stake In Its Local Unit


By Alois Vinga
LISTED seed manufacturing giant, SeedCo International Limited (SCIL) has acquired a 35% stake in its local unit, SeedCo Limited in line with new plans to buy back all shares listed on the Zimbabwe Stock Exchange (ZSE).
Early this month, SCIL said the rationale for the offer was premised on a strategic response to the changes in the status of its secondary listing in Zimbabwe brought about by policy initiatives introduced by the government.
SCIL contends that transferring only one of the entities, SCIL, to the Victoria Falls-based VFEX trading only in US$ while leaving SCL on the ZSE trading in Zim$ will not protect value for shareholders. ....

Eric Kalaote , Alois Vinga , Seedco International Limited , Zimbabwe Stock Exchange , Spread This , Seedco Limited , Victoria Falls Based , சீட்கோ சர்வதேச வரையறுக்கப்பட்டவை , ஸிஂபாப்வே ஸ்டாக் பரிமாற்றம் , பரவுதல் இது , சீட்கோ வரையறுக்கப்பட்டவை , விக்டோரியா விழும் அடிப்படையிலானது ,