OK Zimbabwe secures US$20m lifeline as shareholders rally behind recovery plan
STAFF WRITER OK Zimbabwe Limited has successfully raised US$20m through a fully subscribed renounceable rights offer, marking a decisive step in its two-pronged plan to clear mounting debts and recapitalise operations. The capital injection, backed by robust shareholder participation and underwriting support, comes as the retailer owed suppliers US$30,34m as of February. The rights offer, which ran from July…
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