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THE proposed partial unbundling of Seed Co Limited and the subsequent separate listing of its regional operations on the Botswana Stock Exchange (BSE), will allow the company to pursue its regional expansion projects as it will be backed by the availability of solid hard currency funding.
According to an abridged circular to shareholders that was published last week on Tuesday, the regional listing will set Seed Co International on a path for exponential growth as it will allow the company to attract focused capital to recapitalise the business whenever necessary.
ALL SHARE
The All Share index closed the week on a high note adding 3.14 points (2,75 percent) to settle at 117.29 points. Heavyweight counters gained ground as Hippo went up by $0,1000 to close at $1,7000, Econet added $0,0998 to close at $1,2991 and SeedCo went up by $0,0901 to $2,4552. Innscor rose by $0,0525 to end at $1,3575 while Cafca was $0,0500 stronger at $0,500.
Losses were seen in three counters as Old Mutual shed $0,0063 to close at $5,0037, Bindura slipped $0,0047 to $0,0553 and RioZim dropped by $0,0025 to trade $1,4775.
Online Reporter