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Tag "rights issue"

AfrAsia Zimbabwe on upturn with fully-subscribed shares to fund growth

AfrAsia Zimbabwe, subsidiary of Mauritius banking services major AfrAsia, seems to be on the right track to meet fund requirement for growth in 2014 as it’s USD 5 million rights issue was fully subscribed. “Shareholders of AfrAsia Zimbabwe Holdings Limited (AZHL) fully subscribed to the group’s recent US$5million rights offer as AZHL continues with its efforts to raise capital to fund growth and comply with regulatory requirements,” the group said

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