Caps under hammer

area in Harare.

The property is comprised of a drug manufacturing factory, a three story administration block with 47 offices, kitchen, bar with dispensary sections, packaging section, cold rooms, receiving bays and a clinic.

Caps used to be the country’s largest drug manufacturing company before it plunged into financial crisis.   

The company had its final trade on the domestic bourse on November 30, 2011. It said then the delisting would pave way for a restructuring exercise that would see new investors coming in to inject fresh capital.

The pharmaceutical concern ended a 42-year presence on the bourse, trading at US0,10c per share and valued at US$3,5 million.

Related Posts

China announces $90,000 grant to boost SADC Secretariat capacity building

Gibson Nyikadzino Zimpapers Politics Hub   The Chinese government has announced a $90 000 annual grant for the 2026-2027 financial year to support capacity building initiatives at the Southern African…

Afreximbank raises US$1.5 billion in largest-ever dual-tranche Eurobond issuance

Business Reporter   The African Export-Import Bank (Afreximbank) has priced its largest ever bond issuance, raising US$1,5 billion in a dual-tranche senior unsecured Eurobond offering, marking the institution’s return to…

Leave a Reply

Your email address will not be published. Required fields are marked *

×